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

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been assigned an average recommendation of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One 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 analysts that have issued a report on the stock in the last year is $7.30.

Separately, Barclays dropped their price target on 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.

Institutional Trading of American Axle & Manufacturing

Large investors have recently added to or reduced their stakes in the company. KBC Group NV raised its stake in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP raised its stake in American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 4,851 shares during the period. XTX Topco Ltd acquired a new stake in American Axle & Manufacturing during the 3rd quarter valued at $62,000. Zacks Investment Management acquired a new stake in American Axle & Manufacturing during the 3rd quarter valued at $70,000. Finally, Creative Planning acquired a new stake in American Axle & Manufacturing during the 3rd quarter valued at $80,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $5.84 on Wednesday. The stock has a market cap of $686.08 million, a price-to-earnings ratio of 24.31 and a beta of 1.96. American Axle & Manufacturing has a 12 month low of $5.41 and a 12 month high of $8.98. The stock’s 50 day moving average price is $6.16 and its 200 day moving average price is $6.28. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29.

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

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.