American Axle & Manufacturing (NYSE:AXL) Given New $6.00 Price Target at UBS Group

American Axle & Manufacturing (NYSE:AXL - Free Report) had its price objective trimmed by UBS Group from $6.50 to $6.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the auto parts company's stock.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday. Barclays lowered their target price 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. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.75.

American Axle & Manufacturing Trading Down 4.7 %

Shares of AXL traded down $0.28 during trading hours on Tuesday, reaching $5.61. The stock had a trading volume of 1,627,949 shares, compared to its average volume of 2,371,498. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing has a 52 week low of $4.70 and a 52 week high of $7.98. The firm has a 50-day moving average of $5.64 and a 200 day moving average of $6.05. The company has a market cap of $659.04 million, a P/E ratio of 20.02 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released 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 0.57% and a return on equity of 10.44%. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. The firm's quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts expect that American Axle & Manufacturing will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. KBC Group NV boosted its position in American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after buying an additional 3,211 shares in the last quarter. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing in the fourth quarter valued at $51,000. Ethic Inc. bought a new stake in American Axle & Manufacturing in the fourth quarter valued at $59,000. Ground Swell Capital LLC acquired a new position in shares of American Axle & Manufacturing during the fourth quarter valued at about $61,000. Finally, XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing during the third quarter valued at about $62,000. 91.41% of the stock is owned by 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.