American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $5.93 Consensus Price Target from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.93.

AXL has been the topic of a number of research analyst reports. TD Cowen assumed coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 price target on the stock. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Royal Bank Of Canada restated 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. Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, UBS Group lowered their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

American Axle & Manufacturing Stock Performance

NYSE AXL traded down $0.09 on Friday, hitting $4.21. The stock had a trading volume of 7,228,360 shares, compared to its average volume of 2,073,043. The company's 50-day moving average is $4.12 and its two-hundred day moving average is $4.81. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $7.65. The stock has a market cap of $498.97 million, a price-to-earnings ratio of 24.74 and a beta of 1.58. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 4.38.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in AXL. Whitebox Advisors LLC grew its position in American Axle & Manufacturing by 33.7% in the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after buying an additional 477,550 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of American Axle & Manufacturing by 30.4% during the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after acquiring an additional 256,150 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after acquiring an additional 426,933 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after acquiring an additional 664,922 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of American Axle & Manufacturing by 23.4% during the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock worth $5,109,000 after purchasing an additional 165,905 shares during the period. 91.41% of the stock is currently owned by institutional investors.

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.