American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Receives Average Rating of “Buy” from Analysts

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has received an average recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.38.

AXL has been the subject of several analyst reports. Citigroup dropped their price target on shares of American Axle & Manufact. from $10.50 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Credit Suisse Group lowered shares of American Axle & Manufact. from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $11.00 to $4.00 in a report on Monday, April 27th. Royal Bank of Canada lowered shares of American Axle & Manufact. from an “outperform” rating to a “sector perform” rating and set a $5.00 price objective on the stock. in a report on Monday, March 16th. Morgan Stanley lowered shares of American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $8.00 to $4.00 in a report on Monday, March 30th. Finally, Barclays upped their price objective on shares of American Axle & Manufact. from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th.

Shares of American Axle & Manufact. stock traded down $0.14 during mid-day trading on Tuesday, hitting $7.60. The stock had a trading volume of 1,692,046 shares, compared to its average volume of 2,406,860. The firm has a 50-day moving average of $7.19 and a two-hundred day moving average of $7.08. American Axle & Manufact. has a 12-month low of $2.50 and a 12-month high of $13.23. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 8.95. The firm has a market cap of $851.57 million, a P/E ratio of -0.83 and a beta of 2.73.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, May 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.28. American Axle & Manufact. had a negative net margin of 16.69% and a positive return on equity of 15.33%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was down 21.9% on a year-over-year basis. Sell-side analysts expect that American Axle & Manufact. will post -1.51 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in AXL. Norges Bank acquired a new stake in American Axle & Manufact. during the 4th quarter worth approximately $17,199,000. Point72 Asset Management L.P. acquired a new stake in American Axle & Manufact. during the 4th quarter worth approximately $11,297,000. Squarepoint Ops LLC lifted its holdings in American Axle & Manufact. by 3,301.2% during the 1st quarter. Squarepoint Ops LLC now owns 996,556 shares of the auto parts company’s stock worth $3,598,000 after buying an additional 967,256 shares in the last quarter. Whitebox Advisors LLC lifted its holdings in American Axle & Manufact. by 199.8% during the 1st quarter. Whitebox Advisors LLC now owns 1,283,694 shares of the auto parts company’s stock worth $4,634,000 after buying an additional 855,445 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in American Axle & Manufact. by 281.5% during the 1st quarter. Federated Hermes Inc. now owns 868,338 shares of the auto parts company’s stock worth $3,135,000 after buying an additional 640,699 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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