American Axle & Manufacturing (NYSE:DCH) Given New $9.00 Price Target at UBS Group

American Axle & Manufacturing (NYSE:DCH) had its price target cut by UBS Group from $9.50 to $9.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of American Axle & Manufacturing in a report on Monday, June 8th. Stifel Nicolaus boosted their price objective on shares of American Axle & Manufacturing from $6.70 to $7.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. TD Cowen decreased their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Thursday, June 25th. Finally, Barclays assumed coverage on shares of American Axle & Manufacturing in a report on Monday, June 22nd. They issued an “equal weight” rating and a $8.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.43.

American Axle & Manufacturing Trading Up 0.7%

Shares of NYSE DCH opened at $5.12 on Thursday. American Axle & Manufacturing has a 12-month low of $4.26 and a 12-month high of $9.25. The firm’s fifty day moving average is $6.05. The company has a market cap of $1.22 billion, a PE ratio of -6.74, a PEG ratio of 0.23 and a beta of 1.60. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.40 and a quick ratio of 1.04.

American Axle & Manufacturing (NYSE:DCH) last released its quarterly earnings results on Friday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.38. The firm had revenue of $2.38 billion during the quarter. American Axle & Manufacturing had a positive return on equity of 13.65% and a negative net margin of 1.87%.American Axle & Manufacturing’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, equities analysts predict that American Axle & Manufacturing will post 0.75 earnings per share for the current fiscal year.

About American Axle & Manufacturing

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.