American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Average Recommendation of "Hold" from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.93.

Several brokerages have recently weighed in on AXL. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. UBS Group cut their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. TD Cowen started coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They set a "hold" rating and a $5.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $5.00 price target on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th.

American Axle & Manufacturing Stock Up 0.3%

Shares of AXL traded up $0.02 during midday trading on Tuesday, hitting $4.47. The company had a trading volume of 2,165,919 shares, compared to its average volume of 1,960,809. The company's 50-day simple moving average is $3.92 and its 200-day simple moving average is $5.08. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The firm has a market capitalization of $529.83 million, a P/E ratio of 15.95 and a beta of 1.71. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $7.76.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $0.18 EPS. The business's quarterly revenue was down 12.2% on a year-over-year basis. As a group, sell-side analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in American Axle & Manufacturing during the fourth quarter worth approximately $51,000. Ethic Inc. acquired a new position in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $59,000. Ground Swell Capital LLC acquired a new position in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $61,000. Golden State Equity Partners acquired a new position in shares of American Axle & Manufacturing in the first quarter valued at approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 91.41% of the company's stock.

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.