Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $6.43

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have been assigned a consensus rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.43.

AXL has been the subject of a number of recent research reports. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. UBS Group upgraded American Axle & Manufacturing from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $4.50 to $7.00 in a research note on Monday. Morgan Stanley dropped their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.

Institutional Trading of American Axle & Manufacturing

Large investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of American Axle & Manufacturing by 825.6% during the second quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company's stock worth $28,000 after acquiring an additional 6,225 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of American Axle & Manufacturing during the fourth quarter worth about $51,000. Ethic Inc. acquired a new stake in American Axle & Manufacturing during the fourth quarter worth approximately $59,000. Ground Swell Capital LLC acquired a new stake in American Axle & Manufacturing during the fourth quarter worth approximately $61,000. Finally, Golden State Equity Partners acquired a new stake in American Axle & Manufacturing during the first quarter worth approximately $61,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 2.2%

AXL stock traded down $0.11 during mid-day trading on Wednesday, hitting $4.67. 378,659 shares of the company were exchanged, compared to its average volume of 2,223,046. 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 firm has a market cap of $553.55 million, a P/E ratio of 27.44 and a beta of 1.54. The firm's 50 day simple moving average is $4.39 and its 200 day simple moving average is $4.57. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.65.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.18 EPS. The business's quarterly revenue was down 12.2% compared to the same quarter last year. On average, sell-side analysts predict that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

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.