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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.69.

Several research analysts have recently issued reports on the company. TD Cowen assumed coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective for the company. UBS Group lowered their price objective on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. StockNews.com cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Morgan Stanley lowered their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $4.50 on Thursday. The stock’s 50-day moving average is $5.34 and its two-hundred day moving average is $5.91. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. American Axle & Manufacturing has a 1-year low of $4.44 and a 1-year high of $7.98. The company has a market cap of $528.53 million, a price-to-earnings ratio of 16.05 and a beta of 1.85.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned ($0.09) EPS. American Axle & Manufacturing’s revenue was down 5.6% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXL. KBC Group NV raised its stake in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $51,000. Ethic Inc. purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $59,000. Ground Swell Capital LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $61,000. Finally, XTX Topco Ltd purchased a new stake in American Axle & Manufacturing during the 3rd quarter valued at approximately $62,000. 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.