American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $8.58 Consensus PT from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.58.

AXL has been the topic of several recent analyst reports. Exane BNP Paribas initiated coverage on American Axle & Manufacturing in a research note on Monday, April 11th. They set a “neutral” rating on the stock. Barclays cut their target price on American Axle & Manufacturing from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Thursday, April 7th. Zacks Investment Research raised American Axle & Manufacturing from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research note on Wednesday, March 16th. BNP Paribas initiated coverage on American Axle & Manufacturing in a research note on Monday, April 11th. They issued a “neutral” rating and a $7.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on American Axle & Manufacturing from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 6th.

Several institutional investors have recently made changes to their positions in AXL. Nisa Investment Advisors LLC acquired a new position in shares of American Axle & Manufacturing in the 1st quarter valued at $172,000. Comerica Bank raised its holdings in American Axle & Manufacturing by 2.1% during the 1st quarter. Comerica Bank now owns 125,214 shares of the auto parts company’s stock worth $907,000 after buying an additional 2,585 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in American Axle & Manufacturing during the first quarter valued at about $88,000. Miracle Mile Advisors LLC boosted its holdings in shares of American Axle & Manufacturing by 19.9% in the first quarter. Miracle Mile Advisors LLC now owns 36,292 shares of the auto parts company’s stock worth $282,000 after buying an additional 6,023 shares during the period. Finally, First Quadrant LLC CA acquired a new position in shares of American Axle & Manufacturing in the first quarter worth about $37,000. 91.73% of the stock is currently owned by institutional investors.

NYSE:AXL traded down $0.14 during midday trading on Friday, reaching $6.62. 92,330 shares of the company traded hands, compared to its average volume of 1,790,411. American Axle & Manufacturing has a twelve month low of $6.41 and a twelve month high of $13.06. The firm has a market capitalization of $757.84 million, a price-to-earnings ratio of 220.67, a price-to-earnings-growth ratio of 1.25 and a beta of 2.29. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.78 and a quick ratio of 1.39. The company has a fifty day moving average price of $7.70 and a 200 day moving average price of $8.70.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last released its quarterly earnings data on Friday, February 11th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.13). American Axle & Manufacturing had a net margin of 0.11% and a return on equity of 25.36%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, equities research analysts forecast that American Axle & Manufacturing will post 0.66 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile (Get Rating)

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 in the United States, Mexico, South America, China, other Asian countries, and Europe.

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