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



Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.20.

A number of equities research analysts recently issued reports on AXL shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, April 21st. Barclays decreased their objective price on shares of American Axle & Manufacturing from $6.00 to $5.00 in a report on Tuesday, May 10th. Morgan Stanley decreased their objective price on shares of American Axle & Manufacturing from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, June 1st. Exane BNP Paribas began coverage on shares of American Axle & Manufacturing in a report on Monday, April 11th. They set a “neutral” rating on the stock. Finally, Citigroup decreased their objective price on shares of American Axle & Manufacturing from $9.00 to $8.00 in a report on Tuesday, April 5th.

Shares of AXL stock opened at $7.66 on Friday. American Axle & Manufacturing has a 52-week low of $6.36 and a 52-week high of $11.50. The stock has a market cap of $876.99 million, a price-to-earnings ratio of -26.41, a P/E/G ratio of 1.14 and a beta of 2.21. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.41 and a current ratio of 1.77. The firm has a fifty day moving average of $7.44 and a 200-day moving average of $8.22.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last announced its earnings results on Friday, May 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Axle & Manufacturing had a negative net margin of 0.61% and a positive return on equity of 14.39%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. On average, sell-side analysts predict that American Axle & Manufacturing will post 0.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Axle & Manufacturing by 2.5% in the 4th quarter. BlackRock Inc. Now owns 17,850,020 shares of the auto parts company’s stock valued at $166,540,000 after purchasing an additional 428,465 shares during the last quarter. Vanguard Group Inc. its raised position in shares of American Axle & Manufacturing by 3.9% in the 1st quarter. Vanguard Group Inc. Now owns 14,282,775 shares of the auto parts company’s stock valued at $110,834,000 after acquiring an additional 540,198 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of American Axle & Manufacturing by 9.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,797,272 shares of the auto parts company’s stock valued at $63,419,000 after acquiring an additional 581,476 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Axle & Manufacturing by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,461,166 shares of the auto parts company’s stock valued at $42,381,000 after acquiring an additional 243,792 shares during the period. Finally, LSV Asset Management raised its position in shares of American Axle & Manufacturing by 1.6% in the 1st quarter. LSV Asset Management now owns 4,745,000 shares of the auto parts company’s stock valued at $36,821,000 after acquiring an additional 72,890 shares during the period. 91.73% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Company Profile (Get Rating)

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 in the United States, Mexico, South America, China, other Asian countries, and Europe.

Further reading

Analyst Recommendations for American Axle & Manufacturing (NYSE:AXL)



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