American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $7.70 Average PT from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.70.

AXL has been the topic of a number of recent analyst reports. UBS Group raised shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Wednesday, February 28th. StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th.

American Axle & Manufacturing Stock Up 2.3 %

NYSE:AXL opened at $7.49 on Monday. The firm has a 50-day simple moving average of $7.07 and a two-hundred day simple moving average of $7.48. The firm has a market cap of $879.79 million, a P/E ratio of -26.73, a P/E/G ratio of 2.65 and a beta of 2.19. American Axle & Manufacturing has a fifty-two week low of $6.29 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts predict that American Axle & Manufacturing will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC bought a new position in shares of American Axle & Manufacturing during the 3rd quarter valued at approximately $76,000. GAMMA Investing LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth $76,000. QRG Capital Management Inc. purchased a new stake in American Axle & Manufacturing in the 3rd quarter worth $84,000. Jump Financial LLC purchased a new position in shares of American Axle & Manufacturing in the third quarter valued at about $141,000. Finally, MGO One Seven LLC boosted its stake in shares of American Axle & Manufacturing by 18.2% in the third quarter. MGO One Seven LLC now owns 19,661 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 3,022 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

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. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.