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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has earned a consensus rating of "Hold" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.00.

Several brokerages recently commented on AXL. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target for the company. StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday. Morgan Stanley dropped their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th.

American Axle & Manufacturing Trading Down 0.9 %

Shares of NYSE:AXL traded down $0.04 during trading on Friday, reaching $4.11. The company's stock had a trading volume of 1,454,071 shares, compared to its average volume of 1,865,752. American Axle & Manufacturing has a 12 month low of $3.00 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. The firm's 50 day simple moving average is $3.97 and its two-hundred day simple moving average is $5.25. The stock has a market capitalization of $486.59 million, a PE ratio of 14.70 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. American Axle & Manufacturing's quarterly revenue was down 12.2% compared to the same quarter last year. On average, research analysts predict that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth approximately $51,000. Ethic Inc. bought a new position in American Axle & Manufacturing during the fourth quarter valued at about $59,000. Ground Swell Capital LLC bought a new stake in shares of American Axle & Manufacturing in the 4th quarter worth approximately $61,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter worth approximately $62,000. Finally, Cibc World Markets Corp bought a new stake in shares of American Axle & Manufacturing during the fourth quarter valued at approximately $63,000. 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.