American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Receives $10.22 Average Target Price from Analysts


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American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.22.

Several equities analysts recently weighed in on AXL shares. Deutsche Bank Aktiengesellschaft lifted their target price on American Axle & Manufacturing from $9.00 to $11.00 and gave the company a “hold” rating in a research report on Tuesday, February 16th. Royal Bank of Canada reiterated a “neutral” rating on shares of American Axle & Manufacturing in a research report on Friday, April 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and set a $13.00 target price on shares of American Axle & Manufacturing in a research report on Monday, March 22nd. Credit Suisse Group boosted their price objective on American Axle & Manufacturing from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, March 8th. Finally, Citigroup downgraded American Axle & Manufacturing from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Monday, March 15th.

NYSE AXL opened at $9.23 on Monday. The company has a market capitalization of $1.05 billion, a PE ratio of -0.98, a price-to-earnings-growth ratio of 1.09 and a beta of 2.69. The company has a debt-to-equity ratio of 10.35, a quick ratio of 1.56 and a current ratio of 1.87. The business’s fifty day moving average is $10.32 and its 200 day moving average is $8.79. American Axle & Manufacturing has a fifty-two week low of $3.23 and a fifty-two week high of $12.92.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Thursday, February 11th. The auto parts company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.21. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. American Axle & Manufacturing had a negative return on equity of 6.21% and a negative net margin of 22.36%. American Axle & Manufacturing’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, sell-side analysts forecast that American Axle & Manufacturing will post -0.09 EPS for the current year.

Several large investors have recently bought and sold shares of AXL. FMR LLC lifted its position in shares of American Axle & Manufacturing by 10.5% in the first 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 in the last quarter. First Trust Advisors LP lifted its position in shares of American Axle & Manufacturing by 24.4% in the first 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 in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of American Axle & Manufacturing in the third quarter worth about $92,000. Charles Schwab Investment Management Inc. lifted its position in shares of American Axle & Manufacturing by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,108,238 shares of the auto parts company’s stock worth $6,395,000 after buying an additional 102,902 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of American Axle & Manufacturing in the third quarter worth about $295,000. Institutional investors own 87.29% of the company’s stock.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company's 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.

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Analyst Recommendations for American Axle & Manufacturing (NYSE:AXL)

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