Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Target Price at $7.30

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Free Report) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.30.

Separately, Barclays lowered their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd.

Check Out Our Latest Research Report on AXL

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV raised its holdings in shares of American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares in the last quarter. Quarry LP raised its holdings in American Axle & Manufacturing by 159.2% in 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. XTX Topco Ltd purchased a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth about $62,000. Zacks Investment Management bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter valued at about $70,000. Finally, Creative Planning purchased a new position in shares of American Axle & Manufacturing during the third quarter valued at about $80,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL opened at $5.86 on Wednesday. The stock has a market capitalization of $688.90 million, a P/E ratio of 24.41 and a beta of 1.96. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. American Axle & Manufacturing has a 12-month low of $5.41 and a 12-month high of $8.98. The stock has a 50-day moving average price of $6.16 and a 200-day moving average price of $6.29.

American Axle & Manufacturing (NYSE:AXLGet Free Report) last issued its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share. Equities analysts predict that American Axle & Manufacturing will post 0.47 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

(Get Free Report

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.

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Analyst Recommendations for American Axle & Manufacturing (NYSE:AXL)

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