American Axle & Manufacturing (NYSE:DCH) Stock Gets Price Target Cut from UBS Group

American Axle & Manufacturing (NYSE:DCH) had its price objective reduced by UBS Group from $9.00 to $8.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of American Axle & Manufacturing in a report on Tuesday, July 7th. They issued a “neutral” rating and a $8.00 price objective for the company. BWS Financial reissued a “buy” rating and set a $17.00 target price on shares of American Axle & Manufacturing in a report on Monday, August 10th. Royal Bank Of Canada raised their price target on shares of American Axle & Manufacturing from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Stifel Nicolaus raised 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 report on Monday, August 10th. Finally, Jefferies Financial Group lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating and decreased their price target for the company from $8.25 to $7.10 in a report on Wednesday, September 23rd. Four 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 data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average target price of $9.51.

American Axle & Manufacturing Trading Up 0.1%

Shares of NYSE DCH opened at $5.70 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.32. The stock’s 50 day moving average price is $6.18 and its two-hundred day moving average price is $6.00. American Axle & Manufacturing has a 52-week low of $4.91 and a 52-week high of $9.25. The stock has a market capitalization of $1.35 billion, a P/E ratio of -5.27, a PEG ratio of 0.20 and a beta of 1.69.

American Axle & Manufacturing (NYSE:DCH) last issued its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.14 by $0.18. American Axle & Manufacturing had a positive return on equity of 15.94% and a negative net margin of 2.01%. The company had revenue of $2.96 billion during the quarter. On average, analysts anticipate that American Axle & Manufacturing will post 0.94 earnings per share 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.