American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $8.00 Average PT from Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.90.

Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday. Citigroup increased their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, UBS Group lifted their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP raised its position in shares of American Axle & Manufacturing by 553.5% during the 1st quarter. Quantbot Technologies LP now owns 88,887 shares of the auto parts company’s stock valued at $654,000 after acquiring an additional 75,285 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of American Axle & Manufacturing by 7.4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after purchasing an additional 1,582 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in American Axle & Manufacturing by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,076,121 shares of the auto parts company’s stock valued at $27,101,000 after purchasing an additional 187,653 shares during the last quarter. Norges Bank acquired a new position in American Axle & Manufacturing in the fourth quarter valued at about $7,024,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in American Axle & Manufacturing by 3.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,285 shares of the auto parts company’s stock valued at $757,000 after buying an additional 2,801 shares during the period. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Trading Up 1.7 %

AXL stock opened at $6.17 on Wednesday. American Axle & Manufacturing has a 1-year low of $5.99 and a 1-year high of $8.99. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 4.40. The business’s 50 day moving average is $6.99 and its 200-day moving average is $7.26. The firm has a market cap of $724.71 million, a P/E ratio of -88.07 and a beta of 2.04.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that American Axle & Manufacturing will post 0.35 earnings per share for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.