Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Target Price at $5.93

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.93.

AXL has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Morgan Stanley cut their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a research report on Monday, May 19th. Wall Street Zen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Finally, TD Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 price objective for the company.

Hedge Funds Weigh In On American Axle & Manufacturing

Several institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of American Axle & Manufacturing in the fourth quarter valued at $51,000. Ethic Inc. purchased a new position in shares of American Axle & Manufacturing in the fourth quarter valued at $59,000. Ground Swell Capital LLC purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth $61,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth $62,000. Finally, Cibc World Markets Corp purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth $63,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 2.4%

American Axle & Manufacturing stock opened at $4.09 on Friday. The firm has a 50 day moving average of $4.14 and a 200 day moving average of $4.78. The firm has a market capitalization of $485.32 million, a price-to-earnings ratio of 24.06 and a beta of 1.58. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.65. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 4.38.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. As a group, research analysts predict that American Axle & Manufacturing will post 0.57 earnings per share for the current 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.