American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Average Rating of “Reduce” from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.38.

AXL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Finally, Bank of America increased their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $6.28 on Friday. The company has a 50 day moving average of $6.09 and a 200 day moving average of $6.72. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The stock has a market cap of $738.40 million, a P/E ratio of 26.17 and a beta of 1.95. American Axle & Manufacturing has a 12 month low of $5.43 and a 12 month high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.25. The firm 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 quarter in the prior year, the firm posted ($0.11) earnings per share. As a group, sell-side analysts forecast that American Axle & Manufacturing will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of American Axle & Manufacturing in the 2nd quarter valued at $41,000. KBC Group NV boosted its position in 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 buying an additional 3,211 shares during the period. Quarry LP grew its stake in shares of American Axle & Manufacturing by 159.2% during the second quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after buying an additional 4,851 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of American Axle & Manufacturing in the second quarter worth about $75,000. Finally, EntryPoint Capital LLC bought a new stake in shares of American Axle & Manufacturing in the 1st quarter valued at about $76,000. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Company Profile

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.