American Axle & Manufacturing (NYSE:AXL) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of American Axle & Manufacturing (NYSE:AXL) in a report published on Friday, MarketBeat.com reports. The firm issued a hold rating and a $5.00 target price on the auto parts company’s stock.

A number of other equities analysts have also recently weighed in on the stock. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays reduced 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 report on Wednesday, January 22nd. Morgan Stanley reduced their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Stock Down 2.6 %

Shares of NYSE AXL opened at $4.67 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The stock has a fifty day moving average price of $5.41 and a 200 day moving average price of $5.94. The company has a market cap of $548.52 million, a P/E ratio of 16.66 and a beta of 1.85. American Axle & Manufacturing has a 12-month low of $4.45 and a 12-month high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) EPS. Research analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On American Axle & Manufacturing

Large investors have recently bought and sold shares of the business. Dana Investment Advisors Inc. lifted its holdings in American Axle & Manufacturing by 30.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company’s stock worth $6,399,000 after acquiring an additional 256,150 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of American Axle & Manufacturing by 45.3% in the third quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock valued at $2,380,000 after purchasing an additional 119,991 shares during the period. XTX Topco Ltd acquired a new stake in shares of American Axle & Manufacturing in the third quarter valued at approximately $62,000. Barclays PLC increased its stake in shares of American Axle & Manufacturing by 274.4% in the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock valued at $1,234,000 after purchasing an additional 146,430 shares during the period. Finally, FMR LLC increased its stake in shares of American Axle & Manufacturing by 25.8% in the third quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock valued at $3,160,000 after purchasing an additional 104,936 shares during the period. Institutional investors own 91.41% of the company’s stock.

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.