American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $6.69 Average PT from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.38.

Several equities analysts have recently weighed in on AXL shares. TD Cowen initiated coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective on the stock. Royal Bank of Canada reissued 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. Barclays dropped their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They set a “hold” rating for the company. Finally, Morgan Stanley lowered their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd.

American Axle & Manufacturing Trading Down 0.5 %

Shares of NYSE AXL opened at $3.11 on Monday. The company has a market cap of $367.42 million, a PE ratio of 11.09 and a beta of 1.70. 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 company has a 50-day moving average of $4.52 and a two-hundred day moving average of $5.55. American Axle & Manufacturing has a 1-year low of $3.01 and a 1-year high of $7.98.

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

Hedge Funds Weigh In On American Axle & Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXL. Lazard Asset Management LLC bought a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $51,000. Ethic Inc. bought a new stake in shares of American Axle & Manufacturing during the fourth quarter valued at approximately $59,000. Ground Swell Capital LLC acquired a new position in American Axle & Manufacturing during the fourth quarter worth $61,000. XTX Topco Ltd bought a new position in American Axle & Manufacturing in the 3rd quarter valued at about $62,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth $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.