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

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

A number of analysts recently commented on the company. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Bank of America raised their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC purchased a new position in shares of American Axle & Manufacturing in the first quarter worth about $7,102,000. Algert Global LLC boosted its holdings in American Axle & Manufacturing by 263.9% in the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock worth $4,882,000 after buying an additional 506,476 shares during the period. Whitebox Advisors LLC grew its stake in American Axle & Manufacturing by 74.7% in the 1st quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after buying an additional 468,573 shares in the last quarter. American Century Companies Inc. raised its holdings in American Axle & Manufacturing by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock valued at $20,197,000 after acquiring an additional 399,616 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of American Axle & Manufacturing by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock worth $57,797,000 after acquiring an additional 236,423 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $6.28 on Friday. American Axle & Manufacturing has a 1-year low of $5.43 and a 1-year high of $8.99. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The stock has a market cap of $738.40 million, a PE ratio of 26.17 and a beta of 1.95. The stock’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $6.72.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates 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 was down 3.0% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. As a group, analysts forecast that American Axle & Manufacturing will post 0.35 EPS for the current fiscal 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.