American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Rating of “Hold” by Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.93.

A number of analysts have recently commented on AXL shares. Wall Street Zen raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Cowen restated a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. UBS Group decreased their price objective on American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, TD Cowen assumed coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 target price on the stock.

American Axle & Manufacturing Stock Down 2.5%

Shares of NYSE:AXL opened at $4.27 on Tuesday. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.76. The company has a market capitalization of $506.69 million, a PE ratio of 15.25 and a beta of 1.71. 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 50 day moving average price of $3.92 and a two-hundred day moving average price of $5.09.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Analysts forecast that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of American Axle & Manufacturing by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company’s stock valued at $91,608,000 after acquiring an additional 462,847 shares during the period. American Century Companies Inc. raised its stake in American Axle & Manufacturing by 11.1% in the first quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company’s stock valued at $17,434,000 after purchasing an additional 427,071 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in American Axle & Manufacturing by 1.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,286,516 shares of the auto parts company’s stock valued at $13,376,000 after purchasing an additional 44,663 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in American Axle & Manufacturing by 20.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock worth $10,783,000 after purchasing an additional 444,134 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in American Axle & Manufacturing by 3.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company’s stock worth $13,679,000 after buying an additional 72,337 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

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.