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

Key Points

• American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received a consensus rating of "Hold" from seven brokerages, with a 1-year price objective averaging $6.75.
• Recent analyst updates include Royal Bank of Canada upgrading the rating from "sector perform" to "outperform" with a new price target of $8.00.
• The company has reported earnings of $0.21 per share for the last quarter, exceeding analysts' expectations, despite a 5.9% year-over-year revenue decline.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.75.

A number of research firms have recently weighed in on AXL. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Tuesday, September 2nd. Wall Street Zen raised American Axle & Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Stifel Nicolaus began coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective on the stock. Finally, UBS Group reaffirmed a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th.

American Axle & Manufacturing Stock Up 0.6%

American Axle & Manufacturing stock opened at $6.19 on Monday. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.03. The stock's fifty day simple moving average is $5.55 and its 200-day simple moving average is $4.63. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The firm has a market capitalization of $733.91 million, a P/E ratio of 18.19, a P/E/G ratio of 0.70 and a beta of 1.61.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company's revenue was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, equities analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Axle & Manufacturing

Several large investors have recently bought and sold shares of AXL. Arrowstreet Capital Limited Partnership increased its holdings in American Axle & Manufacturing by 615.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company's stock valued at $7,669,000 after buying an additional 1,617,069 shares during the last quarter. HITE Hedge Asset Management LLC increased its holdings in American Axle & Manufacturing by 465.1% in the first quarter. HITE Hedge Asset Management LLC now owns 1,944,668 shares of the auto parts company's stock valued at $7,915,000 after buying an additional 1,600,512 shares during the last quarter. Whitebox Advisors LLC increased its holdings in American Axle & Manufacturing by 23.0% in the second quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company's stock valued at $22,844,000 after buying an additional 1,047,820 shares during the last quarter. JB Capital Partners LP increased its holdings in American Axle & Manufacturing by 622.6% in the first quarter. JB Capital Partners LP now owns 957,500 shares of the auto parts company's stock valued at $3,897,000 after buying an additional 825,000 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in American Axle & Manufacturing in the second quarter valued at $3,231,000. Hedge funds and other institutional investors 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.

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