Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Price Target at $7.30

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned a consensus rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.75.

AXL has been the topic of several recent analyst reports. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday. Finally, Barclays decreased their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd.

Hedge Funds Weigh In On American Axle & Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the business. Atom Investors LP increased its position in American Axle & Manufacturing by 1.0% during the third quarter. Atom Investors LP now owns 203,152 shares of the auto parts company’s stock worth $1,255,000 after purchasing an additional 2,087 shares during the last quarter. Highland Capital Management LLC increased its position in American Axle & Manufacturing by 10.8% during the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after purchasing an additional 2,868 shares during the last quarter. Franklin Resources Inc. increased its position in American Axle & Manufacturing by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company’s stock worth $1,772,000 after purchasing an additional 3,161 shares during the last quarter. KBC Group NV increased its position in American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in American Axle & Manufacturing by 28.6% during the third quarter. Quadrature Capital Ltd now owns 17,365 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 3,861 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Up 12.3 %

AXL stock opened at $5.79 on Friday. The firm has a market cap of $680.21 million, a PE ratio of 24.10 and a beta of 1.94. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. The firm’s fifty day moving average is $5.70 and its 200 day moving average is $6.06. American Axle & Manufacturing has a one year low of $4.70 and a one year high of $8.20.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. On average, research analysts forecast that American Axle & Manufacturing will post 0.49 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.