Deutsche Bank Aktiengesellschaft Trims American Axle & Manufacturing (NYSE:AXL) Target Price to $8.00

American Axle & Manufacturing (NYSE:AXLGet Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $10.00 to $8.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 18.17% from the company’s current price.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of American Axle & Manufacturing from a “sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research report on Wednesday, March 16th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 6th. Barclays cut their target price on shares of American Axle & Manufacturing from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Thursday, April 7th. Exane BNP Paribas began coverage on shares of American Axle & Manufacturing in a research report on Monday, April 11th. They issued a “neutral” rating on the stock. Finally, Citigroup cut their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 in a research report on Tuesday, April 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.58.

NYSE AXL opened at $6.77 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 6.74. The firm has a market capitalization of $775.01 million, a price-to-earnings ratio of 225.67, a P/E/G ratio of 1.18 and a beta of 2.29. The firm’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $8.83. American Axle & Manufacturing has a 1 year low of $6.41 and a 1 year high of $13.06.

American Axle & Manufacturing (NYSE:AXLGet Rating) last posted its quarterly earnings results on Friday, February 11th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.13). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.28 billion. American Axle & Manufacturing had a return on equity of 25.36% and a net margin of 0.11%. The business’s revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. On average, equities research analysts forecast that American Axle & Manufacturing will post 0.72 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. First Quadrant LLC CA bought a new position in shares of American Axle & Manufacturing during the first quarter valued at $37,000. US Bancorp DE raised its stake in shares of American Axle & Manufacturing by 60.8% during the third quarter. US Bancorp DE now owns 4,407 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 1,667 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of American Axle & Manufacturing by 26.0% during the third quarter. Meeder Asset Management Inc. now owns 7,928 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 1,638 shares during the last quarter. Zhang Financial LLC bought a new position in shares of American Axle & Manufacturing during the first quarter valued at $94,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in American Axle & Manufacturing during the third quarter worth $96,000. 87.65% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Company Profile (Get Rating)

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 in the United States, Mexico, South America, China, other Asian countries, and Europe.

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