American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives Consensus Rating of “Reduce” from Brokerages

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.10.

AXL has been the topic of several recent analyst reports. 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. Bank of America raised their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research note on Monday, August 12th. Finally, Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th.

American Axle & Manufacturing Stock Performance

NYSE AXL opened at $6.00 on Monday. The stock has a market capitalization of $705.32 million, a price-to-earnings ratio of -85.71 and a beta of 1.94. The business’s 50 day moving average is $6.15 and its two-hundred day moving average is $6.81. American Axle & Manufacturing has a 12-month low of $5.43 and a 12-month high of $8.99. 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) last announced its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. American Axle & Manufacturing’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Research analysts expect that American Axle & Manufacturing will post 0.34 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sona Asset Management US LLC acquired a new position in American Axle & Manufacturing in the 1st quarter valued at about $7,102,000. Algert Global LLC raised its position in shares of American Axle & Manufacturing by 263.9% in the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after buying an additional 506,476 shares during the last quarter. Whitebox Advisors LLC lifted its stake in shares of American Axle & Manufacturing by 74.7% during the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after buying an additional 468,573 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 valued at $20,197,000 after buying an additional 399,616 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in American Axle & Manufacturing by 19.0% during 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. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

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.