American Axle & Manufacturing (NYSE:DCH) Given New $8.00 Price Target at UBS Group

American Axle & Manufacturing (NYSE:DCH) had its target price dropped by UBS Group from $9.00 to $8.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 38.46% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a research report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 target price for the company. BWS Financial reiterated a “buy” rating and set a $17.00 price target on shares of American Axle & Manufacturing in a research report on Monday, August 10th. Stifel Nicolaus increased their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Jefferies Financial Group lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $8.25 to $7.10 in a report on Wednesday, September 23rd. Finally, Royal Bank Of Canada lifted their price objective on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.64.

American Axle & Manufacturing Trading Down 1.2%

Shares of American Axle & Manufacturing stock traded down $0.07 during midday trading on Wednesday, reaching $5.78. 3,918,830 shares of the company’s stock traded hands, compared to its average volume of 4,834,842. The stock has a 50 day moving average of $6.18 and a 200-day moving average of $6.00. American Axle & Manufacturing has a 12 month low of $4.91 and a 12 month high of $9.25. The company has a market cap of $1.37 billion, a PE ratio of -5.35, a price-to-earnings-growth ratio of 0.19 and a beta of 1.69. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.02 and a current ratio of 1.40.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.18. The business had revenue of $2.96 billion for the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. As a group, equities analysts expect that American Axle & Manufacturing will post 0.96 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc is a global automotive supplier that designs, engineers and manufactures driveline and metal-forming systems. Its products are used in passenger cars, crossover vehicles, sport utility vehicles, pickup trucks and commercial vehicles.

The company’s product portfolio includes axles, driveshafts, differentials, power-transfer units, transmission components and other driveline assemblies. AAM also produces forged, cast and machined metal components, as well as propulsion technologies intended for vehicles with internal-combustion, hybrid and electric powertrains.

Founded in 1994 by Richard E.