American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $6.69 Consensus Price Target from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6.69.

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Barclays cut their price target on shares of 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. Finally, Cowen started coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On American Axle & Manufacturing

Several institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of American Axle & Manufacturing by 201.2% during the fourth quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company’s stock worth $7,267,000 after acquiring an additional 832,726 shares in the last quarter. Lonestar Capital Management LLC bought a new stake in American Axle & Manufacturing in the 4th quarter worth about $3,893,000. JPMorgan Chase & Co. grew its position in American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company’s stock worth $4,586,000 after purchasing an additional 664,922 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in American Axle & Manufacturing by 31.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after purchasing an additional 548,860 shares in the last quarter. Finally, Whitebox Advisors LLC grew its position in American Axle & Manufacturing by 33.7% in the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company’s stock worth $11,035,000 after purchasing an additional 477,550 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $4.55 on Thursday. The firm’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.86. The stock has a market cap of $534.41 million, a PE ratio of 16.23 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. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

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

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.