Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $7.70

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.70.

A number of equities research analysts have recently weighed in on the company. StockNews.com raised American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. UBS Group raised American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price objective for the company in a research note on Wednesday, February 28th.

American Axle & Manufacturing Trading Up 2.3 %

AXL stock opened at $7.49 on Monday. The company has a market capitalization of $880.37 million, a PE ratio of -106.98, a price-to-earnings-growth ratio of 2.69 and a beta of 2.19. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67. American Axle & Manufacturing has a one year low of $6.29 and a one year high of $9.55. The company’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $7.49.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.16. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company earned ($0.01) EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts predict that American Axle & Manufacturing will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter valued at about $76,000. GAMMA Investing LLC purchased a new stake in American Axle & Manufacturing in the fourth quarter worth about $76,000. QRG Capital Management Inc. bought a new stake in American Axle & Manufacturing during the 3rd quarter valued at approximately $84,000. Jump Financial LLC purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $141,000. Finally, MGO One Seven LLC raised its position in shares of American Axle & Manufacturing by 18.2% in the 3rd quarter. MGO One Seven LLC now owns 19,661 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 3,022 shares in the last quarter. 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.