American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Average Recommendation of "Reduce" from Analysts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.10.

AXL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Wolfe Research upgraded American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Finally, Bank of America increased their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an "underperform" rating in a research note on Monday, August 12th.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in American Axle & Manufacturing by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company's stock worth $124,627,000 after acquiring an additional 191,737 shares during the period. Dimensional Fund Advisors LP increased its position in shares of American Axle & Manufacturing by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company's stock worth $57,797,000 after purchasing an additional 236,423 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in American Axle & Manufacturing by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,873,408 shares of the auto parts company's stock valued at $41,055,000 after purchasing an additional 64,546 shares in the last quarter. American Century Companies Inc. lifted its stake in American Axle & Manufacturing by 16.1% during the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company's stock worth $20,197,000 after purchasing an additional 399,616 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of American Axle & Manufacturing by 19.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company's stock valued at $14,079,000 after purchasing an additional 304,847 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Performance

NYSE:AXL traded down $0.09 on Monday, hitting $6.22. The company's stock had a trading volume of 1,361,825 shares, compared to its average volume of 1,554,991. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.99. The firm has a market capitalization of $731.18 million, a P/E ratio of -90.14 and a beta of 1.94. The stock has a fifty day moving average of $6.16 and a two-hundred day moving average of $6.85. The company has a current ratio of 1.68, a quick ratio of 1.30 and a debt-to-equity ratio of 4.42.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm posted $0.12 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. Research analysts predict that American Axle & Manufacturing will post 0.34 earnings per share for the current year.

American Axle & Manufacturing Company Profile

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.