Analysts Set American Axle & Manufact. Holdings, Inc. (AXL) Price Target at $17.86

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Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.86.

AXL has been the subject of a number of research reports. ValuEngine downgraded American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 7th. Bank of America upgraded American Axle & Manufact. from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $20.00 in a research report on Wednesday, February 20th. Morgan Stanley set a $19.00 target price on American Axle & Manufact. and gave the company a “buy” rating in a research report on Tuesday, January 29th. Buckingham Research lowered their target price on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, Royal Bank of Canada increased their target price on American Axle & Manufact. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Tuesday, February 19th.

In related news, SVP Alberto L. Satine sold 15,033 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.75, for a total transaction of $251,802.75. Following the sale, the senior vice president now owns 59,420 shares in the company, valued at approximately $995,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tolga I. Oal sold 14,876 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total value of $215,255.72. Following the sale, the insider now owns 97,430 shares in the company, valued at approximately $1,409,812.10. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in American Axle & Manufact. by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 43,261 shares of the auto parts company’s stock worth $619,000 after purchasing an additional 781 shares during the period. Piedmont Investment Advisors Inc. increased its stake in American Axle & Manufact. by 3.3% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 26,577 shares of the auto parts company’s stock worth $295,000 after purchasing an additional 855 shares during the period. Hancock Whitney Corp increased its stake in American Axle & Manufact. by 3.6% in the first quarter. Hancock Whitney Corp now owns 25,900 shares of the auto parts company’s stock worth $371,000 after purchasing an additional 899 shares during the period. Janney Capital Management LLC increased its stake in American Axle & Manufact. by 5.3% in the first quarter. Janney Capital Management LLC now owns 18,463 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 932 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in American Axle & Manufact. by 3.2% in the fourth quarter. State of Alaska Department of Revenue now owns 37,321 shares of the auto parts company’s stock worth $414,000 after purchasing an additional 1,157 shares during the period. Institutional investors own 98.64% of the company’s stock.

AXL stock opened at $11.14 on Monday. American Axle & Manufact. has a 1-year low of $10.13 and a 1-year high of $19.34. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 3.40, a price-to-earnings-growth ratio of 0.53 and a beta of 1.65.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. American Axle & Manufact. had a positive return on equity of 18.62% and a negative net margin of 1.48%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, sell-side analysts expect that American Axle & Manufact. will post 2.72 EPS for the current fiscal year.

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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