American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Consensus Rating of “Hold” by Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.75.

Several research firms have commented on AXL. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a research note on Saturday, September 27th. Stifel Nicolaus assumed coverage on shares of 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. UBS Group reaffirmed a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Friday.

American Axle & Manufacturing Trading Up 2.5%

Shares of American Axle & Manufacturing stock opened at $6.24 on Monday. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $7.03. The firm has a market cap of $739.87 million, a PE ratio of 18.34, a PEG ratio of 0.70 and a beta of 1.53. 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 company has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $4.68.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.19 earnings per share. American Axle & Manufacturing’s revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of American Axle & Manufacturing by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock worth $424,000 after buying an additional 4,260 shares during the period. Russell Investments Group Ltd. increased its position in American Axle & Manufacturing by 432.7% during the 1st quarter. Russell Investments Group Ltd. now owns 517,981 shares of the auto parts company’s stock valued at $2,108,000 after purchasing an additional 420,749 shares during the period. Charles Schwab Investment Management Inc. increased its position in American Axle & Manufacturing by 20.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock valued at $10,783,000 after purchasing an additional 444,134 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in American Axle & Manufacturing during the 4th quarter valued at $62,000. Finally, Nomura Holdings Inc. increased its position in American Axle & Manufacturing by 12.7% during the 1st quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company’s stock valued at $1,629,000 after purchasing an additional 45,200 shares during the period. 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.