American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.38 Consensus PT from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned an average recommendation of “Reduce” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.38.

A number of research firms recently weighed in on AXL. Bank of America upped their target price on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research note on Monday, August 12th. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th.

Institutional Trading of American Axle & Manufacturing

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in shares of American Axle & Manufacturing by 540.2% during the third quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after purchasing an additional 168,348 shares during the last quarter. Quest Partners LLC grew its stake in shares of American Axle & Manufacturing by 3,849.5% during the second quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock valued at $1,167,000 after purchasing an additional 162,681 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of American Axle & Manufacturing by 84.0% during the second quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock valued at $1,534,000 after purchasing an additional 100,231 shares during the last quarter. Algert Global LLC grew its stake in shares of American Axle & Manufacturing by 263.9% during the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after purchasing an additional 506,476 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of American Axle & Manufacturing by 7.4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock valued at $170,000 after purchasing an additional 1,582 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Stock Up 0.5 %

Shares of AXL opened at $6.31 on Friday. The firm has a market capitalization of $741.93 million, a P/E ratio of 26.29 and a beta of 1.95. The company has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $6.70. American Axle & Manufacturing has a 52 week low of $5.43 and a 52 week high of $8.99. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. On average, equities research analysts expect that American Axle & Manufacturing will post 0.43 earnings per share for the current year.

About American Axle & Manufacturing

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.