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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.90.

AXL has been the subject of several research reports. Bank of America increased their target price on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research note on Monday, August 12th. UBS Group raised their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Finally, Citigroup raised their price target on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th.

Institutional Trading of American Axle & Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of AXL. Dana Investment Advisors Inc. boosted its holdings in American Axle & Manufacturing by 8.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 940,409 shares of the auto parts company’s stock valued at $6,573,000 after purchasing an additional 73,529 shares during the period. Quarry LP increased its position in American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 4,851 shares in the last quarter. Algert Global LLC increased its position in American Axle & Manufacturing by 263.9% in the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after acquiring an additional 506,476 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in American Axle & Manufacturing in the 2nd quarter valued at approximately $998,000. Finally, Mackenzie Financial Corp acquired a new position in American Axle & Manufacturing in the 2nd quarter valued at approximately $170,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $6.43 on Friday. The company’s fifty day moving average is $6.77 and its two-hundred day moving average is $7.12. The company has a quick ratio of 1.31, a current ratio of 1.69 and a debt-to-equity ratio of 4.40. American Axle & Manufacturing has a 12-month low of $5.99 and a 12-month high of $8.99. The company has a market cap of $755.87 million, a P/E ratio of -91.86 and a beta of 2.04.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. American Axle & Manufacturing had a negative net margin of 0.13% and a positive return on equity of 1.92%. American Axle & Manufacturing’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. Equities analysts expect that American Axle & Manufacturing will post 0.35 earnings per share for the current fiscal year.

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.