Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Price Target at $5.93

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 stock, MarketBeat Ratings reports. One equities 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 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.93.

A number of research firms recently weighed in on AXL. TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective on the stock. UBS Group dropped their price target 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. Morgan Stanley cut their price target on 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. 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 American Axle & Manufacturing stock traded up $0.06 on Friday, reaching $4.16. 2,554,120 shares of the company were exchanged, compared to its average volume of 2,081,828. The firm has a market cap of $493.27 million, a price-to-earnings ratio of 24.45 and a beta of 1.58. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.65. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.35 and a current ratio of 1.72. The company's 50-day moving average is $4.14 and its two-hundred day moving average is $4.78.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $1.41 billion for 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 firm's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. As a group, research analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in American Axle & Manufacturing in the 4th quarter valued at about $51,000. Ethic Inc. bought a new stake in shares of American Axle & Manufacturing in the 4th quarter worth approximately $59,000. Ground Swell Capital LLC acquired a new stake in American Axle & Manufacturing during the fourth quarter valued at approximately $61,000. Golden State Equity Partners acquired a new stake in American Axle & Manufacturing during the first quarter valued at approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in American Axle & Manufacturing during the fourth quarter worth approximately $62,000. 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.