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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Free Report) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.00.

Several brokerages have recently issued reports on AXL. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Citigroup raised their price objective on American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Finally, UBS Group raised their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th.

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Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in American Axle & Manufacturing during the fourth quarter valued at approximately $76,000. EntryPoint Capital LLC acquired a new stake in American Axle & Manufacturing in the first quarter valued at approximately $76,000. Vanguard Personalized Indexing Management LLC acquired a new stake in American Axle & Manufacturing in the third quarter valued at approximately $76,000. QRG Capital Management Inc. acquired a new stake in American Axle & Manufacturing in the third quarter valued at approximately $84,000. Finally, Corton Capital Inc. acquired a new stake in American Axle & Manufacturing in the third quarter valued at approximately $154,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Up 2.9 %

American Axle & Manufacturing stock opened at $7.12 on Tuesday. American Axle & Manufacturing has a one year low of $6.29 and a one year high of $9.55. The stock has a market cap of $836.96 million, a PE ratio of -101.70 and a beta of 2.11. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69. The stock has a 50-day moving average of $7.43 and a two-hundred day moving average of $7.60.

American Axle & Manufacturing (NYSE:AXLGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.16. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that American Axle & Manufacturing will post 0.4 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

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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.

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Analyst Recommendations for American Axle & Manufacturing (NYSE:AXL)

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