Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $7.30

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been given an average rating of “Reduce” by the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.30.

Separately, Barclays reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $5.86 on Wednesday. American Axle & Manufacturing has a fifty-two week low of $5.41 and a fifty-two week high of $8.98. The firm has a market capitalization of $688.90 million, a P/E ratio of 24.41 and a beta of 1.96. The stock’s fifty day moving average is $6.17 and its two-hundred day moving average is $6.30. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. On average, research analysts anticipate that American Axle & Manufacturing will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in American Axle & Manufacturing by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock worth $57,797,000 after purchasing an additional 236,423 shares during the period. State Street Corp increased its stake in shares of American Axle & Manufacturing by 0.5% during the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after acquiring an additional 23,538 shares during the period. Geode Capital Management LLC lifted its holdings in shares of American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock valued at $16,411,000 after buying an additional 21,054 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in American Axle & Manufacturing by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock valued at $15,837,000 after acquiring an additional 65,535 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in American Axle & Manufacturing by 31.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after buying an additional 548,860 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

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.