American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.70 Consensus PT from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has earned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $7.70.

AXL has been the subject of several analyst reports. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research report on Wednesday, February 28th.

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the business. Kowal Investment Group LLC raised its holdings in shares of American Axle & Manufacturing by 7.3% in the 4th quarter. Kowal Investment Group LLC now owns 32,706 shares of the auto parts company’s stock valued at $288,000 after acquiring an additional 2,217 shares in the last quarter. Jennison Associates LLC raised its stake in American Axle & Manufacturing by 2.3% in the third quarter. Jennison Associates LLC now owns 117,439 shares of the auto parts company’s stock valued at $853,000 after purchasing an additional 2,591 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Axle & Manufacturing by 3.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,285 shares of the auto parts company’s stock valued at $757,000 after purchasing an additional 2,801 shares during the last quarter. New York State Teachers Retirement System grew its stake in American Axle & Manufacturing by 1.9% in the 3rd quarter. New York State Teachers Retirement System now owns 154,347 shares of the auto parts company’s stock worth $1,121,000 after buying an additional 2,818 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of American Axle & Manufacturing by 1.1% during the 3rd quarter. Swiss National Bank now owns 257,300 shares of the auto parts company’s stock valued at $1,868,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 0.6 %

Shares of NYSE AXL opened at $7.39 on Monday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.67 and a quick ratio of 1.27. The stock has a market capitalization of $868.03 million, a PE ratio of -26.37, a P/E/G ratio of 2.71 and a beta of 2.22. American Axle & Manufacturing has a one year low of $6.29 and a one year high of $9.55. The business’s fifty day moving average price is $7.07 and its 200-day moving average price is $7.49.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS. On average, equities research analysts anticipate that American Axle & Manufacturing will post 0.35 EPS for the current year.

About American Axle & Manufacturing

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. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.