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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.69.

A number of brokerages have recently issued reports on AXL. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays dropped their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Finally, Cowen started coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On American Axle & Manufacturing

Large investors have recently bought and sold shares of the stock. KBC Group NV grew its holdings in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after buying an additional 3,211 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in American Axle & Manufacturing during the 4th quarter valued at $51,000. Ethic Inc. acquired a new stake in American Axle & Manufacturing during the 4th quarter valued at $59,000. Ground Swell Capital LLC acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $61,000. Finally, XTX Topco Ltd acquired a new stake in shares of American Axle & Manufacturing during the third quarter worth $62,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $4.50 on Thursday. The company has a market cap of $528.53 million, a price-to-earnings ratio of 16.05 and a beta of 1.85. The stock has a 50 day simple moving average of $5.34 and a 200-day simple moving average of $5.91. American Axle & Manufacturing has a 12-month low of $4.44 and a 12-month high of $7.98. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. On average, equities analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current year.

About American Axle & Manufacturing

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.