American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Given Average Recommendation of “Reduce” by Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned an average recommendation of “Reduce” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.10.

Several analysts have recently commented on AXL shares. Wolfe Research raised American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Finally, Bank of America increased their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th.

American Axle & Manufacturing Stock Down 3.1 %

Shares of American Axle & Manufacturing stock opened at $6.18 on Thursday. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.99. The company has a market cap of $726.48 million, a P/E ratio of -88.29 and a beta of 1.95. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The firm has a fifty day moving average of $6.38 and a two-hundred day moving average of $6.95.

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

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at approximately $7,024,000. Capstone Investment Advisors LLC acquired a new stake in American Axle & Manufacturing during the 4th quarter valued at $266,000. Vanguard Group Inc. increased its position in American Axle & Manufacturing by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock worth $124,627,000 after buying an additional 191,737 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of American Axle & Manufacturing by 19.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock worth $14,079,000 after acquiring an additional 304,847 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of American Axle & Manufacturing by 42.0% in the first quarter. BNP Paribas Financial Markets now owns 79,267 shares of the auto parts company’s stock valued at $583,000 after acquiring an additional 23,437 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

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.