UBS Group Has Lowered Expectations for American Axle & Manufacturing (NYSE:DCH) Stock Price

Key Points

• UBS Group lowered its price target for American Axle & Manufacturing from $9 to $8 but maintained a Buy rating, implying 38.46% upside from the prior close.
• Analyst opinions remain mixed: the stock has a consensus Hold rating, with four Buys, five Holds, and one Sell, and an average price target of $9.64.
• Shares fell $0.07 to $5.78, while the company recently reported quarterly EPS of $0.32, beating the $0.14 analyst consensus, on revenue of $2.96 billion.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) had its target price dropped by stock analysts at UBS Group from $9.00 to $8.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 38.46% from the company's previous close.

Several other analysts have also issued reports on the stock. TD Cowen upgraded shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating and upped their price target for the company from $8.00 to $10.00 in a research report on Tuesday, September 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of American Axle & Manufacturing in a report on Friday, September 4th. BWS Financial reissued a "buy" rating and issued a $17.00 target price on shares of American Axle & Manufacturing in a research note on Monday, August 10th. Royal Bank Of Canada increased their target price on American Axle & Manufacturing from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Finally, Stifel Nicolaus raised their price target on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.64.

American Axle & Manufacturing Price Performance

Shares of DCH stock traded down $0.07 during trading hours on Wednesday, hitting $5.78. 3,918,830 shares of the company's stock were exchanged, compared to its average volume of 4,834,842. The company has a market capitalization of $1.37 billion, a PE ratio of -5.35, a PEG ratio of 0.19 and a beta of 1.69. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.32. American Axle & Manufacturing has a 12-month low of $4.91 and a 12-month high of $9.25. The business's 50 day simple moving average is $6.18 and its 200-day simple moving average is $6.00.

American Axle & Manufacturing (NYSE:DCH - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.18. The company had revenue of $2.96 billion during the quarter. American Axle & Manufacturing had a negative net margin of 2.01% and a positive return on equity of 15.94%. On average, equities research analysts anticipate that American Axle & Manufacturing will post 0.96 earnings per share for the current year.

About American Axle & Manufacturing

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.

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