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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.9167.

AXL has been the topic of several research reports. Royal Bank Of Canada upped their target price on American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. UBS Group lifted their target price on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Stifel Nicolaus boosted their target price on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in shares of American Axle & Manufacturing by 267.7% during the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 3,191 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth about $47,000. Quarry LP acquired a new position in American Axle & Manufacturing during the 3rd quarter worth about $50,000. Kestra Advisory Services LLC bought a new stake in American Axle & Manufacturing during the 4th quarter worth about $56,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in American Axle & Manufacturing in the 3rd quarter valued at about $66,000. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Stock Up 11.6%

Shares of AXL stock opened at $9.18 on Thursday. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $9.00. The stock has a market cap of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60. The business’s fifty day moving average is $7.91 and its 200-day moving average is $6.73. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77.

American Axle & Manufacturing Company Profile

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.