Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Price Target at $6.69

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.69.

AXL has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 price objective for the company. Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a “hold” rating for the company. 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 report on Wednesday, January 22nd. UBS Group lowered their target price on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a report on Tuesday, February 18th.

American Axle & Manufacturing Stock Up 1.0 %

NYSE:AXL opened at $4.55 on Thursday. The stock’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.86. American Axle & Manufacturing has a 52-week low of $4.39 and a 52-week high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The company has a market cap of $534.41 million, a price-to-earnings ratio of 16.23 and a beta of 1.85.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufacturing by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock worth $91,608,000 after purchasing an additional 462,847 shares during the period. State Street Corp increased its stake in American Axle & Manufacturing by 0.5% in the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after acquiring an additional 23,538 shares during the last quarter. American Century Companies Inc. increased its stake in American Axle & Manufacturing by 12.4% in the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company’s stock valued at $22,483,000 after acquiring an additional 426,933 shares during the last quarter. Geode Capital Management LLC increased its stake in American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock valued at $16,411,000 after acquiring an additional 21,054 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in American Axle & Manufacturing by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock valued at $15,837,000 after acquiring an additional 65,535 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Company Profile

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.