American Axle & Manufacturing (NYSE:AXL) PT Lowered to $10.00

American Axle & Manufacturing (NYSE:AXLGet Rating) had its price target lowered by equities researchers at Citigroup from $11.00 to $10.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price would indicate a potential upside of 13.25% from the company’s current price.

Separately, StockNews.com assumed coverage on American Axle & Manufacturing in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.33.

American Axle & Manufacturing Price Performance

NYSE AXL opened at $8.83 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 883.88, a price-to-earnings-growth ratio of 1.03 and a beta of 2.27. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.32 and a current ratio of 1.69. The business’s fifty day moving average is $9.13 and its 200 day moving average is $8.92. American Axle & Manufacturing has a fifty-two week low of $6.36 and a fifty-two week high of $11.96.

American Axle & Manufacturing (NYSE:AXLGet Rating) last released its earnings results on Friday, November 4th. The auto parts company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.44 billion. American Axle & Manufacturing had a return on equity of 15.04% and a net margin of 0.07%. Sell-side analysts predict that American Axle & Manufacturing will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in shares of American Axle & Manufacturing by 20.7% in the first quarter. Bank of Montreal Can now owns 46,317 shares of the auto parts company’s stock worth $371,000 after purchasing an additional 7,940 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of American Axle & Manufacturing by 95.9% in the first quarter. MetLife Investment Management LLC now owns 61,060 shares of the auto parts company’s stock worth $474,000 after purchasing an additional 29,891 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of American Axle & Manufacturing by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,332 shares of the auto parts company’s stock worth $763,000 after purchasing an additional 12,124 shares during the last quarter. APG Asset Management N.V. bought a new stake in shares of American Axle & Manufacturing in the first quarter worth about $466,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of American Axle & Manufacturing by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 105,521 shares of the auto parts company’s stock worth $843,000 after purchasing an additional 2,040 shares during the last quarter. 95.74% of the stock is owned by institutional investors.

American Axle & Manufacturing Company Profile

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

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