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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has been given a consensus rating of "Hold" by the nine research firms that are covering the firm, MarketBeat 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 12 month price target among analysts that have issued a report on the stock in the last year is $6.43.

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

American Axle & Manufacturing Trading Down 4.6%

AXL stock traded down $0.22 during midday trading on Wednesday, reaching $4.55. The stock had a trading volume of 2,865,657 shares, compared to its average volume of 2,237,596. The business has a fifty day simple moving average of $4.39 and a two-hundred day simple moving average of $4.56. 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 market cap of $539.90 million, a price-to-earnings ratio of 26.76 and a beta of 1.54. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.65.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly 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 business's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, research analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AXL. Vanguard Group Inc. increased its position in shares of American Axle & Manufacturing by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after purchasing an additional 462,847 shares in the last quarter. American Century Companies Inc. grew its position in American Axle & Manufacturing by 11.1% during the 1st quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company's stock worth $17,434,000 after purchasing an additional 427,071 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in American Axle & Manufacturing by 1.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,286,516 shares of the auto parts company's stock worth $13,376,000 after purchasing an additional 44,663 shares during the period. Charles Schwab Investment Management Inc. grew its position in American Axle & Manufacturing by 20.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company's stock worth $10,783,000 after purchasing an additional 444,134 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in American Axle & Manufacturing by 3.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company's stock worth $13,679,000 after purchasing an additional 72,337 shares during the period. Hedge funds and other 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.