UBS Group Cuts American Axle & Manufacturing (NYSE:DCH) Price Target to $9.00

American Axle & Manufacturing (NYSE:DCH) had its price objective lowered by stock analysts at UBS Group from $9.50 to $9.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 75.61% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays initiated coverage on shares of American Axle & Manufacturing in a research report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 price target on the stock. Royal Bank Of Canada increased their target price on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Stifel Nicolaus lifted their price target on American Axle & Manufacturing from $6.70 to $7.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.43.

American Axle & Manufacturing Trading Up 0.7%

American Axle & Manufacturing stock traded up $0.04 during mid-day trading on Thursday, hitting $5.12. The company had a trading volume of 1,326,740 shares, compared to its average volume of 5,570,825. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04. American Axle & Manufacturing has a 12-month low of $4.26 and a 12-month high of $9.25. The firm’s fifty day moving average is $6.06. The stock has a market cap of $1.22 billion, a P/E ratio of -6.74, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last posted its earnings results on Friday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The firm had revenue of $2.38 billion during the quarter. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. As a group, sell-side analysts expect that American Axle & Manufacturing will post 0.77 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.