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

Key Points

• American Axle & Manufacturing Holdings, Inc. has been assigned an average recommendation of "Hold" by analysts, with one sell rating, six hold ratings, and two buy ratings from nine ratings firms.
• The company's shares opened at $5.24, with a market cap of approximately $621.78 million and a 52-week trading range between $3.00 and $7.25.
• American Axle reported quarterly earnings of $0.21 EPS, exceeding the consensus estimate of $0.14, though its revenue decreased by 5.9% year-over-year to $1.54 billion.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have been assigned an average recommendation of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.4286.

AXL has been the topic of a number of research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Morgan Stanley lowered their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a report on Monday, May 19th. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. UBS Group raised shares of American Axle & Manufacturing from a "neutral" rating to a "buy" rating and increased their price target for the stock from $4.50 to $7.00 in a report on Monday, July 14th. Finally, Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $5.24 on Friday. The company has a market cap of $621.78 million, a price-to-earnings ratio of 15.41 and a beta of 1.59. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.25. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 4.38. The firm has a 50 day moving average of $4.44 and a 200-day moving average of $4.44.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $0.19 EPS. The company's quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AXL. Signaturefd LLC lifted its position in shares of American Axle & Manufacturing by 825.6% during the 2nd quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company's stock valued at $28,000 after buying an additional 6,225 shares in the last quarter. Riverbend Wealth Management LLC bought a new stake in American Axle & Manufacturing during the 2nd quarter valued at approximately $42,000. Lazard Asset Management LLC bought a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $51,000. Ethic Inc. bought a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $59,000. Finally, Ground Swell Capital LLC bought a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $61,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

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.

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