American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.58 Consensus Target Price from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $7.10.

A number of analysts recently weighed in on AXL shares. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Bank of America boosted their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th.

Hedge Funds Weigh In On American Axle & Manufacturing

A number of hedge funds have recently modified their holdings of AXL. Quantbot Technologies LP raised its holdings in shares of American Axle & Manufacturing by 553.5% during the first quarter. Quantbot Technologies LP now owns 88,887 shares of the auto parts company’s stock valued at $654,000 after acquiring an additional 75,285 shares in the last quarter. Quest Partners LLC lifted its position in shares of American Axle & Manufacturing by 3,849.5% in the 2nd quarter. Quest Partners LLC now owns 166,907 shares of the auto parts company’s stock worth $1,167,000 after purchasing an additional 162,681 shares during the period. Federated Hermes Inc. lifted its position in shares of American Axle & Manufacturing by 84.0% in the 2nd quarter. Federated Hermes Inc. now owns 219,509 shares of the auto parts company’s stock worth $1,534,000 after purchasing an additional 100,231 shares during the period. ProShare Advisors LLC increased its position in shares of American Axle & Manufacturing by 7.4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock valued at $170,000 after buying an additional 1,582 shares during the period. Finally, Norges Bank purchased a new position in shares of American Axle & Manufacturing during the fourth quarter valued at about $7,024,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 3.2 %

Shares of NYSE:AXL opened at $6.38 on Thursday. The company has a market cap of $749.99 million, a price-to-earnings ratio of -91.14 and a beta of 1.95. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.99. The firm has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $6.95. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. American Axle & Manufacturing’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. Analysts anticipate that American Axle & Manufacturing will post 0.34 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.