American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Rating of "Hold" by Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have been given an average recommendation of "Hold" by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.93.

AXL has been the subject of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. UBS Group lowered their price target 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. Morgan Stanley reduced their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research note on Monday, May 19th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL traded down $0.06 during midday trading on Tuesday, reaching $4.40. 4,414,556 shares of the company traded hands, compared to its average volume of 1,981,413. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.76. The stock has a 50-day moving average price of $3.92 and a 200 day moving average price of $5.04. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The company has a market cap of $522.11 million, a price-to-earnings ratio of 15.71 and a beta of 1.71.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. EMC Capital Management boosted its stake in American Axle & Manufacturing by 151.4% during the 4th quarter. EMC Capital Management now owns 23,005 shares of the auto parts company's stock valued at $134,000 after purchasing an additional 13,856 shares during the last quarter. Empowered Funds LLC grew its position in American Axle & Manufacturing by 5.1% in the fourth quarter. Empowered Funds LLC now owns 551,116 shares of the auto parts company's stock worth $3,213,000 after acquiring an additional 26,890 shares in the last quarter. Entropy Technologies LP lifted its stake in American Axle & Manufacturing by 288.5% in the fourth quarter. Entropy Technologies LP now owns 59,633 shares of the auto parts company's stock worth $348,000 after purchasing an additional 44,282 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Axle & Manufacturing by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock worth $3,324,000 after purchasing an additional 15,976 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of American Axle & Manufacturing by 80.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company's stock valued at $377,000 after acquiring an additional 28,804 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Company Profile

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.