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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has earned a consensus rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.10.

AXL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Bank of America raised their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Finally, Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th.

Institutional Trading of American Axle & Manufacturing

Large investors have recently made changes to their positions in the business. Sona Asset Management US LLC acquired a new stake in American Axle & Manufacturing during the first quarter worth about $7,102,000. Norges Bank acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $7,024,000. Algert Global LLC boosted its holdings in American Axle & Manufacturing by 263.9% during the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock worth $4,882,000 after buying an additional 506,476 shares in the last quarter. Whitebox Advisors LLC raised its position in shares of American Axle & Manufacturing by 74.7% in the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock worth $8,064,000 after acquiring an additional 468,573 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of American Axle & Manufacturing by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after acquiring an additional 399,616 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufacturing Price Performance

Shares of AXL stock opened at $6.25 on Thursday. The stock’s 50-day moving average is $6.31 and its 200 day moving average is $6.94. American Axle & Manufacturing has a 1-year low of $5.43 and a 1-year high of $8.99. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The company has a market cap of $734.71 million, a P/E ratio of -89.29 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that American Axle & Manufacturing will post 0.34 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.