Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $6.43

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.43.

Several research analysts have recently issued reports on AXL shares. UBS Group upgraded shares of American Axle & Manufacturing from a “neutral” rating to a “buy” rating and upped their target price for the stock from $4.50 to $7.00 in a research note on Monday. Morgan Stanley dropped their target price 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Cowen reiterated a “hold” rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of American Axle & Manufacturing by 825.6% during the second quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 6,225 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in American Axle & Manufacturing during the fourth quarter valued at approximately $51,000. Ethic Inc. purchased a new stake in American Axle & Manufacturing during the fourth quarter valued at approximately $59,000. Ground Swell Capital LLC purchased a new stake in American Axle & Manufacturing during the fourth quarter valued at approximately $61,000. Finally, Golden State Equity Partners purchased a new stake in American Axle & Manufacturing during the first quarter valued at approximately $61,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Down 4.6%

NYSE:AXL opened at $4.55 on Wednesday. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $7.65. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.72 and a quick ratio of 1.35. The company’s 50-day simple moving average is $4.39 and its 200 day simple moving average is $4.56. The firm has a market capitalization of $539.90 million, a P/E ratio of 26.76 and a beta of 1.54.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. American Axle & Manufacturing’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

About American Axle & Manufacturing

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.