American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.10 Consensus PT from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned an average recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $7.10.

AXL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Bank of America lifted their price target 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. Finally, Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On American Axle & Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the business. Highland Capital Management LLC boosted its stake in American Axle & Manufacturing by 10.8% during the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after buying an additional 2,868 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of American Axle & Manufacturing by 540.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after acquiring an additional 168,348 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $89,000. Creative Planning purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $80,000. Finally, Inspire Investing LLC acquired a new stake in American Axle & Manufacturing during the third quarter worth about $412,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Performance

AXL opened at $6.04 on Monday. The stock has a market cap of $710.02 million, a P/E ratio of -86.29 and a beta of 1.94. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The firm has a fifty day moving average price of $6.16 and a 200 day moving average price of $6.83. American Axle & Manufacturing has a 1 year low of $5.43 and a 1 year high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that American Axle & Manufacturing will post 0.34 earnings per share for the current 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.