American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) shares hit a new 52-week low on Tuesday after Morgan Stanley lowered their price target on the stock from $10.00 to $8.00. Morgan Stanley currently has an overweight rating on the stock. American Axle & Manufacturing traded as low as $4.48 and last traded at $4.56, with a volume of 94607 shares trading hands. The stock had previously closed at $4.75.
A number of other research firms also recently commented on AXL. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. UBS Group decreased their price target on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.69.
Read Our Latest Analysis on American Axle & Manufacturing
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of 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 worth $91,608,000 after buying an additional 462,847 shares during the period. State Street Corp lifted its position in American Axle & Manufacturing by 0.5% during the 3rd quarter. State Street Corp now owns 4,704,889 shares of the auto parts company's stock worth $29,076,000 after acquiring an additional 23,538 shares in the last quarter. American Century Companies Inc. boosted its holdings in American Axle & Manufacturing by 12.4% in the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after acquiring an additional 426,933 shares during the period. Geode Capital Management LLC grew its position in American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock valued at $16,411,000 after acquiring an additional 21,054 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of American Axle & Manufacturing by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company's stock valued at $15,837,000 after purchasing an additional 65,535 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.
American Axle & Manufacturing Trading Down 2.6 %
The firm has a market capitalization of $548.52 million, a price-to-earnings ratio of 16.66 and a beta of 1.94. The business's 50-day moving average price is $5.44 and its 200 day moving average price is $5.96. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.
American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates 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 revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. On average, equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.
About American Axle & Manufacturing
(
Get Free Report)
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.
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