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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned an average recommendation of “Hold” from the five ratings firms 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 twelve-month price objective among brokers that have covered the stock in the last year is $7.70.

A number of equities analysts have commented on the stock. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a research note on Wednesday, February 28th.

American Axle & Manufacturing Stock Up 1.0 %

AXL opened at $7.26 on Thursday. American Axle & Manufacturing has a 12 month low of $6.29 and a 12 month high of $9.55. The business has a 50-day moving average of $7.40 and a two-hundred day moving average of $7.48. 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 $853.34 million, a price-to-earnings ratio of -25.93, a price-to-earnings-growth ratio of 2.83 and a beta of 2.22.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results 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. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. On average, research analysts expect that American Axle & Manufacturing will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of American Axle & Manufacturing by 2.7% in the third quarter. Vanguard Group Inc. now owns 14,627,350 shares of the auto parts company’s stock valued at $99,904,000 after buying an additional 386,663 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American Axle & Manufacturing by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock valued at $67,565,000 after purchasing an additional 465,585 shares during the period. State Street Corp boosted its holdings in shares of American Axle & Manufacturing by 1.7% in the first quarter. State Street Corp now owns 4,553,553 shares of the auto parts company’s stock worth $35,336,000 after buying an additional 77,059 shares during the period. FMR LLC lifted its holdings in shares of American Axle & Manufacturing by 60,578.4% in the second quarter. FMR LLC now owns 4,169,820 shares of the auto parts company’s stock valued at $31,398,000 after purchasing an additional 4,162,948 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of American Axle & Manufacturing by 22.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,930 shares of the auto parts company’s stock valued at $30,729,000 after purchasing an additional 715,970 shares during the period. Institutional investors own 91.41% of the company’s stock.

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.