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

Key Points

• American Axle & Manufacturing Holdings, Inc. has received a consensus recommendation of “Hold” from eight research firms, with three analysts rating it as a buy.
• The average one-year target price set by analysts for American Axle is $7.17, reflecting a positive outlook for the company's stock.
• American Axle reported earnings of $0.21 per share for the last quarter, outperforming analysts' estimates and marking a year-over-year revenue decline of 5.9%.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have been given a consensus recommendation of "Hold" by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.1667.

AXL has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Stifel Nicolaus upped their price target on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a "hold" rating in a report on Monday. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group upped their price target on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the company a "buy" rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered shares of American Axle & Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th.

American Axle & Manufacturing Price Performance

NYSE AXL opened at $6.36 on Friday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The stock's fifty day moving average price is $5.92 and its 200 day moving average price is $4.84. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $7.03. The company has a market cap of $754.08 million, a price-to-earnings ratio of 18.69, a PEG ratio of 0.90 and a beta of 1.53.

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

Institutional Investors Weigh In On American Axle & Manufacturing

Several hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of American Axle & Manufacturing by 8.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company's stock worth $124,000 after acquiring an additional 2,243 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in American Axle & Manufacturing by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company's stock valued at $465,000 after buying an additional 2,473 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in American Axle & Manufacturing by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company's stock valued at $178,000 after buying an additional 2,993 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in American Axle & Manufacturing by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company's stock valued at $485,000 after buying an additional 4,154 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in American Axle & Manufacturing by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock valued at $424,000 after buying an additional 4,260 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

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.

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