American Axle & Manufacturing's (AXL) "Sector Perform" Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of American Axle & Manufacturing (NYSE:AXL - Free Report) in a report published on Wednesday,Benzinga reports. The firm currently has a $5.00 price target on the auto parts company's stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. UBS Group cut their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. TD Cowen started coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They set a "hold" rating and a $5.00 price target on the stock. Morgan Stanley lowered their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Barclays reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and an average target price of $6.25.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock traded up $0.11 on Wednesday, reaching $3.33. 2,204,616 shares of the company traded hands, compared to its average volume of 1,786,403. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The company has a 50 day moving average of $4.35 and a 200 day moving average of $5.45. The firm has a market capitalization of $393.46 million, a PE ratio of 11.88 and a beta of 1.70.

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) EPS for the quarter, meeting analysts' consensus estimates of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. Equities analysts forecast that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of institutional investors have recently made changes to their positions in AXL. Lazard Asset Management LLC bought a new stake in shares of American Axle & Manufacturing in the 4th quarter valued at about $51,000. Ethic Inc. purchased a new stake in American Axle & Manufacturing in the fourth quarter worth $59,000. Ground Swell Capital LLC bought a new stake in American Axle & Manufacturing in the fourth quarter valued at $61,000. XTX Topco Ltd purchased a new position in American Axle & Manufacturing during the 3rd quarter valued at $62,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 91.41% of the company's stock.

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.