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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.69.

AXL has been the subject of several recent research reports. Cowen assumed coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. 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. Finally, UBS Group lowered their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th.

American Axle & Manufacturing Price Performance

Shares of NYSE AXL opened at $3.45 on Monday. American Axle & Manufacturing has a 52 week low of $3.02 and a 52 week high of $7.98. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The firm has a market cap of $408.25 million, a P/E ratio of 12.32 and a beta of 1.70. The business’s 50 day moving average price is $4.60 and its 200 day moving average price is $5.59.

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

Hedge Funds Weigh In On American Axle & Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in AXL. 111 Capital acquired a new position in American Axle & Manufacturing in the 4th quarter valued at $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $62,000. Public Employees Retirement System of Ohio purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $827,000. PharVision Advisers LLC acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $96,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of American Axle & Manufacturing by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,460 shares of the auto parts company’s stock worth $2,078,000 after buying an additional 52,751 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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.