American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $6.69 Consensus Target Price from Analysts

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) have been given an average rating of "Hold" by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.38.

Several equities analysts have recently issued reports on the company. StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Barclays decreased their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. TD Cowen initiated coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 target price for the company. UBS Group decreased their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On American Axle & Manufacturing

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in American Axle & Manufacturing by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock valued at $91,608,000 after purchasing an additional 462,847 shares during the period. State Street Corp grew its position in shares of American Axle & Manufacturing by 0.5% in the 3rd quarter. State Street Corp now owns 4,704,889 shares of the auto parts company's stock valued at $29,076,000 after buying an additional 23,538 shares during the last quarter. American Century Companies Inc. increased its stake in shares of American Axle & Manufacturing by 12.4% in the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after buying an additional 426,933 shares during the period. Geode Capital Management LLC raised its position in shares of American Axle & Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock worth $16,411,000 after acquiring an additional 21,054 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Axle & Manufacturing by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company's stock worth $15,837,000 after acquiring an additional 65,535 shares during the period. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded down $0.02 during trading hours on Monday, reaching $3.11. 1,908,634 shares of the stock were exchanged, compared to its average volume of 1,754,241. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing has a twelve month low of $3.01 and a twelve month high of $7.98. The company has a market cap of $367.42 million, a P/E ratio of 11.09 and a beta of 1.70. The stock has a 50 day moving average of $4.52 and a two-hundred day moving average of $5.55.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. Equities analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

About American Axle & Manufacturing

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.