Brokerages Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PT at $7.17

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.1667.

AXL has been the subject of several recent research reports. UBS Group lifted their price objective on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Stifel Nicolaus boosted their target price on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Hedge Funds Weigh In On American Axle & Manufacturing

A number of large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in American Axle & Manufacturing by 8.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 2,243 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in American Axle & Manufacturing by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company’s stock worth $465,000 after purchasing an additional 2,473 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of American Axle & Manufacturing by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock worth $178,000 after acquiring an additional 2,993 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of American Axle & Manufacturing by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company’s stock worth $485,000 after acquiring an additional 4,154 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Axle & Manufacturing by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock worth $424,000 after acquiring an additional 4,260 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Stock Performance

AXL stock opened at $6.50 on Friday. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50-day moving average price of $5.93 and a 200 day moving average price of $4.89. The company has a market capitalization of $770.70 million, a P/E ratio of 19.10, a PEG ratio of 0.94 and a beta of 1.53. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.03.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.