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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received an average rating of “Reduce” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five 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 $7.30.

Separately, Barclays reduced their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of American Axle & Manufacturing by 2.9% in 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 purchasing an additional 236,423 shares during the period. Hsbc Holdings PLC raised its stake in shares of American Axle & Manufacturing by 28.2% in the second quarter. Hsbc Holdings PLC now owns 30,522 shares of the auto parts company’s stock valued at $212,000 after acquiring an additional 6,716 shares during the period. Intech Investment Management LLC bought a new stake in shares of American Axle & Manufacturing during the 2nd quarter worth approximately $108,000. Sei Investments Co. boosted its position in American Axle & Manufacturing by 426.6% in the 2nd quarter. Sei Investments Co. now owns 66,834 shares of the auto parts company’s stock valued at $467,000 after buying an additional 54,143 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of American Axle & Manufacturing by 136.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 265,076 shares of the auto parts company’s stock worth $1,853,000 after buying an additional 152,987 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock opened at $5.86 on Wednesday. The firm has a market capitalization of $688.90 million, a P/E ratio of 24.41 and a beta of 1.96. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The stock has a fifty day moving average price of $6.17 and a two-hundred day moving average price of $6.30. American Axle & Manufacturing has a 52-week low of $5.41 and a 52-week high of $8.98.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share. As a group, analysts anticipate that American Axle & Manufacturing will post 0.47 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

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.