Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $6.64

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.6429.

A number of research analysts have weighed in on the company. Royal Bank Of Canada raised American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Friday. UBS Group reissued a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Morgan Stanley reduced their price target on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Finally, Stifel Nicolaus assumed coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They set a “hold” rating and a $6.00 price target on the stock.

American Axle & Manufacturing Stock Performance

AXL opened at $6.10 on Thursday. The stock has a market cap of $724.33 million, a P/E ratio of 17.95, a P/E/G ratio of 0.67 and a beta of 1.61. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $5.10 and its 200 day simple moving average is $4.50. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.03.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.American Axle & Manufacturing’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AXL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in American Axle & Manufacturing by 8.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 2,243 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in American Axle & Manufacturing by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company’s stock valued at $465,000 after purchasing an additional 2,473 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in American Axle & Manufacturing by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 2,993 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in American Axle & Manufacturing by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 4,154 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Axle & Manufacturing by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock valued at $424,000 after acquiring an additional 4,260 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.