American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Given Average Rating of “Hold” by Analysts

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.83.

A number of brokerages have recently weighed in on AXL. ValuEngine downgraded American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. Bank of America reiterated a “buy” rating and issued a $15.00 price target on shares of American Axle & Manufact. in a report on Tuesday, September 24th. TheStreet downgraded American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. Finally, Barclays downgraded American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price target for the company. in a report on Tuesday, November 5th.

Shares of NYSE AXL traded down $0.21 during trading on Monday, reaching $10.85. The stock had a trading volume of 125,344 shares, compared to its average volume of 2,164,771. American Axle & Manufact. has a one year low of $5.86 and a one year high of $17.20. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.45 and a current ratio of 1.78. The stock has a market cap of $1.22 billion, a PE ratio of 3.31, a P/E/G ratio of 0.80 and a beta of 2.17. The firm’s 50 day moving average price is $8.46 and its two-hundred day moving average price is $10.09.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, November 1st. The auto parts company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.17. American Axle & Manufact. had a positive return on equity of 14.79% and a negative net margin of 5.77%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts expect that American Axle & Manufact. will post 1.54 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of AXL. FMR LLC grew its stake in American Axle & Manufact. by 10.5% during the 1st quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock worth $30,340,000 after buying an additional 201,300 shares during the last quarter. First Trust Advisors LP grew its stake in American Axle & Manufact. by 24.4% during the 1st quarter. First Trust Advisors LP now owns 191,681 shares of the auto parts company’s stock worth $2,743,000 after buying an additional 37,607 shares during the last quarter. DNB Asset Management AS grew its stake in American Axle & Manufact. by 8.6% during the 2nd quarter. DNB Asset Management AS now owns 1,707,446 shares of the auto parts company’s stock worth $21,787,000 after buying an additional 134,694 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in American Axle & Manufact. by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 42,385 shares of the auto parts company’s stock worth $541,000 after buying an additional 2,394 shares during the last quarter. Finally, CWM Advisors LLC grew its stake in American Axle & Manufact. by 23.2% during the 2nd quarter. CWM Advisors LLC now owns 13,975 shares of the auto parts company’s stock worth $178,000 after buying an additional 2,635 shares during the last quarter.

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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