American Axle & Manufacturing (NYSE:AXL) Now Covered by TD Cowen

Analysts at TD Cowen started coverage on shares of American Axle & Manufacturing (NYSE:AXL) in a report issued on Friday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $5.00 price target on the auto parts company’s stock. TD Cowen’s target price suggests a potential upside of 4.93% from the stock’s current price.

AXL has been the subject of several other reports. Royal Bank of Canada restated a “sector perform” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Barclays dropped their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Finally, UBS Group dropped their price target on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus target price of $6.69.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL opened at $4.77 on Friday. The firm has a 50 day moving average of $5.44 and a 200 day moving average of $5.96. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $560.27 million, a price-to-earnings ratio of 17.02 and a beta of 1.94. American Axle & Manufacturing has a 12-month low of $4.45 and a 12-month high of $7.98.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, research analysts anticipate that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On American Axle & Manufacturing

Several hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of American Axle & Manufacturing in the fourth quarter worth $827,000. PharVision Advisers LLC purchased a new position in shares of American Axle & Manufacturing in the fourth quarter worth $96,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of American Axle & Manufacturing by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,460 shares of the auto parts company’s stock worth $2,078,000 after buying an additional 52,751 shares in the last quarter. Squarepoint Ops LLC raised its stake in American Axle & Manufacturing by 207.4% during the fourth quarter. Squarepoint Ops LLC now owns 507,187 shares of the auto parts company’s stock valued at $2,957,000 after purchasing an additional 342,211 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in American Axle & Manufacturing by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 34,700 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 10,663 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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.