Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Target Price at $7.38

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has been assigned an average rating of "Reduce" from the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.38.

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an "underperform" rating in a research report on Monday, August 12th. Wolfe Research upgraded American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th.

Institutional Investors Weigh In On American Axle & Manufacturing

Several large investors have recently added to or reduced their stakes in AXL. nVerses Capital LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth $41,000. KBC Group NV lifted its holdings in American Axle & Manufacturing by 81.3% in the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock worth $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP grew its position in American Axle & Manufacturing by 159.2% in the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company's stock valued at $55,000 after buying an additional 4,851 shares in the last quarter. EntryPoint Capital LLC acquired a new position in American Axle & Manufacturing during the 1st quarter valued at about $76,000. Finally, Headlands Technologies LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter valued at about $75,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Up 0.5 %

NYSE:AXL traded up $0.03 during trading hours on Friday, hitting $6.31. The stock had a trading volume of 2,523,416 shares, compared to its average volume of 1,592,287. The company has a market cap of $741.93 million, a PE ratio of 26.08 and a beta of 1.95. The business has a 50 day simple moving average of $6.10 and a two-hundred day simple moving average of $6.72. American Axle & Manufacturing has a 1-year low of $5.43 and a 1-year high of $8.99. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) 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. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. American Axle & Manufacturing's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Analysts predict that American Axle & Manufacturing will post 0.4 EPS for the current year.

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.