American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Average Recommendation of “Hold” from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.0833.

AXL has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a research note on Monday. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley set a $7.00 target price on American Axle & Manufacturing in a research note on Monday. Finally, Wall Street Zen lowered American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th.

Institutional Trading of American Axle & Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in shares of American Axle & Manufacturing during the third quarter worth approximately $74,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of American Axle & Manufacturing by 70.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,435,065 shares of the auto parts company’s stock valued at $14,635,000 after purchasing an additional 1,007,977 shares in the last quarter. Woodline Partners LP bought a new position in shares of American Axle & Manufacturing during the 3rd quarter valued at $11,470,000. PharVision Advisers LLC purchased a new position in American Axle & Manufacturing in the 3rd quarter worth $313,000. Finally, XTX Topco Ltd lifted its stake in American Axle & Manufacturing by 231.1% in the third quarter. XTX Topco Ltd now owns 239,737 shares of the auto parts company’s stock worth $1,441,000 after purchasing an additional 167,331 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $6.41 on Friday. The stock has a market cap of $760.27 million, a price-to-earnings ratio of 19.41, a PEG ratio of 0.89 and a beta of 1.58. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. The business has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $5.46. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $6.78.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. On average, research analysts forecast that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

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.