UBS Group Issues Pessimistic Forecast for American Axle & Manufacturing (NYSE:AXL) Stock Price

American Axle & Manufacturing (NYSE:AXL) had its price objective decreased by research analysts at UBS Group from $6.50 to $6.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective points to a potential upside of 16.85% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Barclays cut their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and an average price target of $6.90.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock opened at $5.14 on Tuesday. The stock has a market cap of $603.77 million, a PE ratio of 21.40 and a beta of 1.94. American Axle & Manufacturing has a 12 month low of $4.70 and a 12 month high of $8.98. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The business has a fifty day simple moving average of $5.70 and a 200-day simple moving average of $6.06.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm 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 posted ($0.09) earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that American Axle & Manufacturing will post 0.49 EPS for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 3,211 shares during the last quarter. Lazard Asset Management LLC bought a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $51,000. XTX Topco Ltd acquired a new stake in American Axle & Manufacturing during the 3rd quarter worth $62,000. Ethic Inc. bought a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at $59,000. Finally, Ground Swell Capital LLC acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $61,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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.