UBS Group Raises American Axle & Manufacturing (NYSE:AXL) Price Target to $8.00

American Axle & Manufacturing (NYSE:AXL) had its target price lifted by UBS Group from $7.00 to $8.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Separately, StockNews.com raised shares of American Axle & Manufacturing from a hold rating to a buy rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $8.00.

American Axle & Manufacturing Stock Performance

Shares of AXL opened at $7.80 on Monday. The company’s 50 day moving average price is $7.14 and its 200 day moving average price is $7.50. American Axle & Manufacturing has a 52 week low of $6.29 and a 52 week high of $9.55. The company has a market capitalization of $916.33 million, a PE ratio of -111.36, a PEG ratio of 2.69 and a beta of 2.19. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.02 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a negative net margin of 0.13% and a positive return on equity of 1.92%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) earnings per share. Research analysts expect that American Axle & Manufacturing will post 0.35 EPS for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners acquired a new stake in shares of American Axle & Manufacturing in the third quarter worth $2,833,000. Mutual Advisors LLC acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter worth $1,451,000. Barclays PLC raised its stake in American Axle & Manufacturing by 522.6% during the 3rd quarter. Barclays PLC now owns 1,122,458 shares of the auto parts company’s stock valued at $8,149,000 after purchasing an additional 942,186 shares during the last quarter. Vanguard Group Inc. raised its stake in American Axle & Manufacturing by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company’s stock valued at $101,308,000 after purchasing an additional 144,529 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in American Axle & Manufacturing by 25.8% during the 3rd quarter. AQR Capital Management LLC now owns 949,974 shares of the auto parts company’s stock valued at $6,897,000 after purchasing an additional 194,863 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.