American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.38 Average Price Target from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned a consensus recommendation of “Reduce” from the five brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.38.

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

American Axle & Manufacturing Price Performance

Shares of AXL stock opened at $6.31 on Friday. American Axle & Manufacturing has a 52-week low of $5.43 and a 52-week high of $8.99. The stock has a market cap of $741.93 million, a PE ratio of 26.29 and a beta of 1.95. 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 50 day moving average price is $6.11 and its two-hundred day moving average price is $6.70.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts forecast that American Axle & Manufacturing will post 0.43 EPS for the current year.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in American Axle & Manufacturing by 540.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after acquiring an additional 168,348 shares in the last quarter. Quest Partners LLC lifted its position in American Axle & Manufacturing by 3,849.5% in the 2nd quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock valued at $1,167,000 after acquiring an additional 162,681 shares in the last quarter. Federated Hermes Inc. lifted its position in American Axle & Manufacturing by 84.0% in the 2nd quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock valued at $1,534,000 after acquiring an additional 100,231 shares in the last quarter. Algert Global LLC lifted its position 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 valued at $4,882,000 after acquiring an additional 506,476 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in American Axle & Manufacturing by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock valued at $170,000 after acquiring an additional 1,582 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Company Profile

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.