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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Rating) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.08.

AXL has been the subject of several recent analyst reports. TheStreet upgraded American Axle & Manufacturing from a “d+” rating to a “c-” rating in a research note on Friday, August 5th. Bank of America downgraded American Axle & Manufacturing from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.00 to $13.00 in a research note on Friday, September 9th. StockNews.com assumed coverage on American Axle & Manufacturing in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on American Axle & Manufacturing from $8.00 to $9.00 in a research report on Monday, August 8th. Finally, Citigroup reduced their price objective on American Axle & Manufacturing from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, September 28th.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $9.87 on Tuesday. The business has a 50 day moving average price of $8.55 and a 200 day moving average price of $8.53. American Axle & Manufacturing has a twelve month low of $6.36 and a twelve month high of $11.96. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 987.99, a PEG ratio of 1.39 and a beta of 2.23. The company has a quick ratio of 1.32, a current ratio of 1.69 and a debt-to-equity ratio of 6.11.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY lifted its position in shares of American Axle & Manufacturing by 18.2% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,900 shares of the auto parts company’s stock worth $47,000 after buying an additional 1,061 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of American Axle & Manufacturing by 7.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,151 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 1,125 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of American Axle & Manufacturing by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,125 shares of the auto parts company’s stock valued at $131,000 after buying an additional 1,469 shares during the period. Captrust Financial Advisors increased its stake in shares of American Axle & Manufacturing by 11.7% in the 2nd quarter. Captrust Financial Advisors now owns 14,395 shares of the auto parts company’s stock valued at $108,000 after buying an additional 1,505 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of American Axle & Manufacturing by 8.4% in the 2nd quarter. Mackenzie Financial Corp now owns 19,549 shares of the auto parts company’s stock valued at $147,000 after buying an additional 1,515 shares during the period. Institutional investors own 95.20% of the company’s stock.

About American Axle & Manufacturing

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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.

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

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