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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat 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 brokers that have covered the stock in the last year is $7.0833.

AXL has been the topic of several research reports. Stifel Nicolaus raised their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. UBS Group increased their price objective on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wall Street Zen lowered shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. Finally, Morgan Stanley set a $7.00 price target on shares of American Axle & Manufacturing in a research note on Monday, December 8th.

American Axle & Manufacturing Trading Up 9.9%

Shares of AXL stock opened at $7.06 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.08. The stock has a market capitalization of $837.43 million, a P/E ratio of 21.38 and a beta of 1.58. The firm’s 50 day moving average is $6.39 and its 200 day moving average is $5.74.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up .3% compared to the same quarter last year. Research analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Trading of American Axle & Manufacturing

Several hedge funds have recently bought and sold shares of AXL. JPMorgan Chase & Co. raised its stake in shares of American Axle & Manufacturing by 81.2% in the third quarter. JPMorgan Chase & Co. now owns 180,685 shares of the auto parts company’s stock worth $1,086,000 after buying an additional 80,957 shares during the period. Hudson Bay Capital Management LP bought a new stake in American Axle & Manufacturing during the 3rd quarter worth approximately $101,000. CIBC Bancorp USA Inc. purchased a new position in American Axle & Manufacturing during the third quarter valued at approximately $74,000. Jacobs Levy Equity Management Inc. boosted its position in shares of American Axle & Manufacturing by 70.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,435,065 shares of the auto parts company’s stock worth $14,635,000 after purchasing an additional 1,007,977 shares during the period. Finally, Woodline Partners LP bought a new position in shares of American Axle & Manufacturing in the third quarter worth approximately $11,470,000. Institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.