American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) has received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.43.
Several research analysts have recently commented on AXL shares. Morgan Stanley reduced their price target on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a report on Monday, May 19th. 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 restated a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, UBS Group upgraded shares of American Axle & Manufacturing from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.50 to $7.00 in a report on Monday.
Read Our Latest Report on American Axle & Manufacturing
American Axle & Manufacturing Stock Down 0.7%
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, equities analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current year.
Hedge Funds Weigh In On American Axle & Manufacturing
Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing in the 4th quarter valued at about $51,000. Ethic Inc. acquired a new position in American Axle & Manufacturing in the 4th quarter valued at about $59,000. Ground Swell Capital LLC acquired a new position in American Axle & Manufacturing in the 4th quarter valued at about $61,000. Golden State Equity Partners acquired a new position in American Axle & Manufacturing in the 1st quarter valued at about $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in American Axle & Manufacturing in the 4th quarter valued at about $62,000. 91.41% of the stock is owned by institutional investors and hedge funds.
American Axle & Manufacturing Company Profile
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.
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