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

Key Points

• American Axle & Manufacturing has received an average stock rating of "Hold" from analysts, with five holding and three buying recommendations.
• The company's shares have a current price target of $6.64 and were recently trading at $5.97, reflecting a minor increase of 0.1%.
• American Axle & Manufacturing reported earnings per share of $0.21 for the last quarter, exceeding expectations, despite a year-over-year revenue decline of 5.9%.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have received an average rating of "Hold" from the eight brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.6429.

AXL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research report on Thursday, August 21st. They issued a "hold" rating and a $6.00 price objective for the company. Royal Bank Of Canada upgraded American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Tuesday. Morgan Stanley cut their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research report on Sunday, August 10th.

American Axle & Manufacturing Stock Up 0.1%

Shares of AXL stock opened at $5.97 on Thursday. The stock has a 50 day moving average of $4.99 and a 200 day moving average of $4.51. 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 stock has a market cap of $707.81 million, a P/E ratio of 17.54, a P/E/G ratio of 0.65 and a beta of 1.61. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.03.

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

Institutional Trading of American Axle & Manufacturing

A number of institutional investors have recently made changes to their positions in AXL. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 worth $7,669,000 after acquiring an additional 1,617,069 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of 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 worth $7,915,000 after acquiring an additional 1,600,512 shares during the last quarter. Whitebox Advisors LLC boosted its stake in shares of 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 worth $22,844,000 after acquiring an additional 1,047,820 shares during the last quarter. JB Capital Partners LP boosted its stake in shares of 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 worth $3,897,000 after acquiring an additional 825,000 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in American Axle & Manufacturing during the second quarter worth $3,231,000. 91.41% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.