American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Consensus Rating of “Hold” from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.1667.

A number of research firms have recently commented on AXL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Axle & Manufacturing in a research report on Tuesday, October 14th. UBS Group increased their target price on American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Stifel Nicolaus raised their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th.

American Axle & Manufacturing Trading Down 1.4%

Shares of NYSE AXL opened at $6.10 on Tuesday. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.03. The stock has a market cap of $723.45 million, a price-to-earnings ratio of 17.93, a P/E/G ratio of 0.97 and a beta of 1.60. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The company’s fifty day moving average is $6.09 and its 200-day moving average is $5.22.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, November 7th. The auto parts company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities research analysts predict that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of American Axle & Manufacturing by 8.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock worth $124,000 after buying an additional 2,243 shares during the period. Public Employees Retirement System of Ohio boosted its position in American Axle & Manufacturing by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company’s stock worth $465,000 after acquiring an additional 2,473 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in American Axle & Manufacturing by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock worth $178,000 after acquiring an additional 2,993 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of American Axle & Manufacturing by 267.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 3,191 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of American Axle & Manufacturing by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 4,154 shares during the last quarter. Institutional investors and hedge funds 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.