American Axle & Manufacturing (NYSE:AXL) Reaches New 12-Month Low – What’s Next?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) reached a new 52-week low on Tuesday . The company traded as low as $4.45 and last traded at $4.51, with a volume of 249272 shares trading hands. The stock had previously closed at $4.59.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AXL shares. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. UBS Group decreased their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. TD Cowen initiated coverage on American Axle & Manufacturing in a research note on Friday. They issued a “hold” rating and a $5.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $6.69.

American Axle & Manufacturing Price Performance

The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $5.93. The firm has a market cap of $538.05 million, a PE ratio of 16.31 and a beta of 1.85.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. KBC Group NV raised its position in American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 3,211 shares during the period. Lazard Asset Management LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at $51,000. Ethic Inc. bought a new stake in American Axle & Manufacturing in the fourth quarter worth $59,000. Ground Swell Capital LLC purchased a new position in American Axle & Manufacturing during the fourth quarter worth $61,000. Finally, XTX Topco Ltd bought a new position in American Axle & Manufacturing during the third quarter valued at $62,000. Institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

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.