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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.58.

Several brokerages recently issued reports on AXL. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. Finally, Bank of America boosted their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th.

American Axle & Manufacturing Price Performance

AXL stock opened at $6.11 on Thursday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The firm has a market capitalization of $717.66 million, a price-to-earnings ratio of -87.21 and a beta of 1.95. The firm has a 50 day moving average price of $6.41 and a 200-day moving average price of $6.96. American Axle & Manufacturing has a 52-week low of $5.43 and a 52-week high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts forecast that American Axle & Manufacturing will post 0.34 EPS for the current fiscal year.

Institutional Trading of American Axle & Manufacturing

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of American Axle & Manufacturing in the 4th quarter valued at approximately $7,024,000. Capstone Investment Advisors LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $266,000. Vanguard Group Inc. lifted its stake in shares of 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 worth $124,627,000 after buying an additional 191,737 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of 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 buying an additional 304,847 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of American Axle & Manufacturing by 42.0% in the 1st quarter. BNP Paribas Financial Markets now owns 79,267 shares of the auto parts company’s stock valued at $583,000 after acquiring an additional 23,437 shares during the period. 91.41% of the stock is currently owned by institutional investors.

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.