Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Target Price at $5.93

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.93.

A number of analysts have weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Wall Street Zen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. TD Cowen started coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective on the stock. Finally, UBS Group cut their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, April 10th.

Hedge Funds Weigh In On American Axle & Manufacturing

Several large investors have recently added to or reduced their stakes in AXL. Lazard Asset Management LLC bought a new position in shares of American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. bought a new position in shares of American Axle & Manufacturing during the 4th quarter worth approximately $59,000. Ground Swell Capital LLC bought a new position in shares of American Axle & Manufacturing during the 4th quarter worth approximately $61,000. Golden State Equity Partners bought a new position in shares of American Axle & Manufacturing during the 1st quarter worth approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of American Axle & Manufacturing during the 4th quarter worth approximately $62,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $4.12 on Friday. The company has a market capitalization of $488.89 million, a price-to-earnings ratio of 24.24 and a beta of 1.58. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.65. The stock has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $4.77. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 4.38.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. American Axle & Manufacturing’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. Sell-side analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current year.

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.