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 five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.00.

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

American Axle & Manufacturing Price Performance

AXL stock opened at $7.06 on Tuesday. American Axle & Manufacturing has a one year low of $6.29 and a one year high of $9.55. The company’s fifty day moving average price is $7.46 and its 200-day moving average price is $7.62. 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 company has a market capitalization of $829.90 million, a PE ratio of -100.84 and a beta of 2.11.

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

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently made changes to their positions in AXL. Vanguard Group Inc. lifted its position in American Axle & Manufacturing by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock valued at $124,627,000 after purchasing an additional 191,737 shares during the period. Dimensional Fund Advisors LP lifted its position in American Axle & Manufacturing by 6.5% during the fourth 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. Charles Schwab Investment Management Inc. lifted its position in American Axle & Manufacturing by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,076,121 shares of the auto parts company’s stock valued at $27,101,000 after purchasing an additional 187,653 shares during the period. Invesco Ltd. lifted its position in American Axle & Manufacturing by 3.0% during the third quarter. Invesco Ltd. now owns 2,222,457 shares of the auto parts company’s stock valued at $16,135,000 after purchasing an additional 65,073 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in American Axle & Manufacturing by 19.0% during the first quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock valued at $14,079,000 after purchasing an additional 304,847 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Company Profile

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.