American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Average Recommendation of “Hold” from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.69.

A number of brokerages have recently commented on AXL. UBS Group dropped their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Cowen initiated coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Morgan Stanley dropped their price target on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Barclays dropped their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock opened at $4.60 on Thursday. The stock’s 50 day simple moving average is $5.21 and its two-hundred day simple moving average is $5.84. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The stock has a market cap of $540.28 million, a price-to-earnings ratio of 16.41 and a beta of 1.85. American Axle & Manufacturing has a fifty-two week low of $4.39 and a fifty-two week high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted ($0.09) earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning bought a new stake in American Axle & Manufacturing in the 3rd quarter worth approximately $80,000. Entropy Technologies LP purchased a new position in shares of American Axle & Manufacturing in the 3rd quarter worth $95,000. Aigen Investment Management LP bought a new stake in shares of American Axle & Manufacturing in the third quarter worth $121,000. MQS Management LLC purchased a new stake in American Axle & Manufacturing during the third quarter valued at $207,000. Finally, KBC Group NV lifted its holdings in American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares during the period. 91.41% of the stock is owned by institutional investors.

About American Axle & Manufacturing

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.