Analysts Set American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Target Price at $6.64

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $6.75.

Several research analysts have recently weighed in on AXL shares. Stifel Nicolaus started coverage on shares of American Axle & Manufacturing in a research note on Thursday, August 21st. They set a “hold” rating and a $6.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Morgan Stanley dropped their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd.

American Axle & Manufacturing Trading Down 0.9%

Shares of AXL stock opened at $5.94 on Thursday. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.03. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The firm’s 50 day moving average is $5.17 and its 200 day moving average is $4.52. The stock has a market capitalization of $704.25 million, a P/E ratio of 17.46, a P/E/G ratio of 0.68 and a beta of 1.61.

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

Institutional Trading of American Axle & Manufacturing

Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of American Axle & Manufacturing by 8.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 2,243 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of American Axle & Manufacturing by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company’s stock valued at $465,000 after purchasing an additional 2,473 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of American Axle & Manufacturing by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 2,993 shares during the period. SummerHaven Investment Management LLC raised its position in shares of American Axle & Manufacturing by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 4,154 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of American Axle & Manufacturing by 4.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company’s stock valued at $424,000 after purchasing an additional 4,260 shares during the period. 91.41% of the stock is currently owned by institutional investors.

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.