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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.69.

A number of research analysts recently commented on the company. TD Cowen assumed coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 price target on the stock. Morgan Stanley dropped their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Barclays cut their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group lowered their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th.

American Axle & Manufacturing Price Performance

Shares of American Axle & Manufacturing stock opened at $3.41 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The stock has a market capitalization of $402.92 million, a price-to-earnings ratio of 12.16 and a beta of 1.70. American Axle & Manufacturing has a twelve month low of $3.17 and a twelve month high of $7.98. The company has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $5.69.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of AXL. Vanguard Group Inc. boosted its holdings in shares of American Axle & Manufacturing by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock valued at $91,608,000 after acquiring an additional 462,847 shares in the last quarter. State Street Corp raised its position in American Axle & Manufacturing by 0.5% in the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after purchasing an additional 23,538 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of American Axle & Manufacturing by 12.4% during the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company’s stock valued at $22,483,000 after purchasing an additional 426,933 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of American Axle & Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock worth $16,411,000 after purchasing an additional 21,054 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of American Axle & Manufacturing by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock valued at $15,837,000 after buying an additional 65,535 shares during the period. Institutional investors own 91.41% of the company’s stock.

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.