American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Rating of "Reduce" by Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has earned a consensus rating of "Reduce" from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.75.

AXL has been the topic of a number of recent analyst reports. UBS Group decreased their target price on American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday. Finally, Barclays dropped their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd.

Institutional Trading of American Axle & Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of American Axle & Manufacturing by 81.3% in 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 last quarter. Lazard Asset Management LLC bought a new stake in American Axle & Manufacturing during the fourth quarter valued at $51,000. Ethic Inc. acquired a new stake in American Axle & Manufacturing during the 4th quarter worth about $59,000. Ground Swell Capital LLC bought a new position in shares of American Axle & Manufacturing in the 4th quarter worth about $61,000. Finally, XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Performance

Shares of AXL traded up $0.07 during mid-day trading on Friday, hitting $5.85. 3,182,601 shares of the company's stock were exchanged, compared to its average volume of 2,394,050. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The firm has a market cap of $687.26 million, a price-to-earnings ratio of 20.88 and a beta of 1.94. The stock's 50-day simple moving average is $5.68 and its 200-day simple moving average is $6.05. American Axle & Manufacturing has a 52 week low of $4.70 and a 52 week high of $8.20.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $1.38 billion during 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 business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. On average, equities research analysts expect that American Axle & Manufacturing will post 0.52 EPS for the current 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.