American Axle & Manufacturing (NYSE:AXL) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

American Axle & Manufacturing (NYSE:AXL)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, Benzinga reports. They presently have a $6.00 price target on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 2.56% from the stock’s current price.

AXL has been the topic of several other reports. Bank of America raised their target price 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. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average price target of $7.58.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $5.85 on Tuesday. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The firm has a market cap of $687.84 million, a price-to-earnings ratio of -83.56 and a beta of 1.95. The stock’s fifty day moving average price is $6.66 and its two-hundred day moving average price is $7.03. American Axle & Manufacturing has a one year low of $5.79 and a one year high of $8.99.

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 analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. American Axle & Manufacturing’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts forecast that American Axle & Manufacturing will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in American Axle & Manufacturing during the second quarter worth about $41,000. Quarry LP grew its holdings in shares of American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 4,851 shares during the last quarter. Headlands Technologies LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth approximately $75,000. EntryPoint Capital LLC bought a new position in American Axle & Manufacturing in the 1st quarter valued at approximately $76,000. Finally, QRG Capital Management Inc. boosted its position in American Axle & Manufacturing by 13.5% in the second quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock valued at $98,000 after buying an additional 1,665 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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.