UBS Group Lowers American Axle & Manufacturing (NYSE:AXL) Price Target to $6.00

American Axle & Manufacturing (NYSE:AXL) had its target price decreased by analysts at UBS Group from $6.50 to $6.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective would suggest a potential upside of 2.65% from the stock’s current price.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday. Barclays decreased their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.75.

American Axle & Manufacturing Trading Up 1.1 %

Shares of AXL opened at $5.85 on Tuesday. The firm has a market cap of $687.26 million, a price-to-earnings ratio of 20.88 and a beta of 1.94. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. American Axle & Manufacturing has a fifty-two week low of $4.70 and a fifty-two week high of $8.20. The firm has a 50 day moving average price of $5.68 and a 200-day moving average price of $6.05.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts forecast that American Axle & Manufacturing will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in American Axle & Manufacturing by 45.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock valued at $2,380,000 after purchasing an additional 119,991 shares during the period. XTX Topco Ltd purchased a new position in American Axle & Manufacturing during the 3rd quarter valued at $62,000. Barclays PLC increased its position in American Axle & Manufacturing by 274.4% during the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock valued at $1,234,000 after purchasing an additional 146,430 shares during the period. FMR LLC increased its position in American Axle & Manufacturing by 25.8% during the 3rd quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock valued at $3,160,000 after purchasing an additional 104,936 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in American Axle & Manufacturing by 540.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after purchasing an additional 168,348 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.