American Axle & Manufact. Holdings, Inc. (AXL) Receives $16.20 Consensus PT from Analysts

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.20.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, January 15th. Barclays reissued a “buy” rating and set a $14.00 price target on shares of American Axle & Manufact. in a research report on Sunday, January 6th. Deutsche Bank assumed coverage on American Axle & Manufact. in a research report on Thursday, December 13th. They set a “hold” rating on the stock. KeyCorp initiated coverage on American Axle & Manufact. in a research report on Monday, December 10th. They set a “sector weight” rating on the stock. Finally, Morgan Stanley set a $16.00 target price on American Axle & Manufact. and gave the company a “buy” rating in a research report on Wednesday, November 14th.

In related news, insider Gregory Deveson purchased 11,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was acquired at an average cost of $12.76 per share, for a total transaction of $149,611.00. Following the completion of the purchase, the insider now owns 57,523 shares in the company, valued at approximately $733,993.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David C. Dauch purchased 88,100 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average price of $11.47 per share, with a total value of $1,010,507.00. The disclosure for this purchase can be found here. Insiders bought 136,425 shares of company stock worth $1,602,594 in the last ninety days. 1.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of American Axle & Manufact. by 10.1% during the second quarter. BlackRock Inc. now owns 14,468,400 shares of the auto parts company’s stock valued at $225,129,000 after acquiring an additional 1,327,564 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of American Axle & Manufact. by 5.3% in the second quarter. Legal & General Group Plc now owns 268,067 shares of the auto parts company’s stock valued at $4,189,000 after purchasing an additional 13,386 shares during the period. Renaissance Technologies LLC boosted its stake in shares of American Axle & Manufact. by 102.1% in the second quarter. Renaissance Technologies LLC now owns 391,438 shares of the auto parts company’s stock valued at $6,091,000 after purchasing an additional 197,739 shares during the period. Bank of America Corp DE boosted its stake in shares of American Axle & Manufact. by 14.3% in the second quarter. Bank of America Corp DE now owns 627,241 shares of the auto parts company’s stock valued at $9,760,000 after purchasing an additional 78,408 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of American Axle & Manufact. by 12.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 36,155 shares of the auto parts company’s stock valued at $563,000 after purchasing an additional 4,006 shares during the period. Institutional investors and hedge funds own 98.64% of the company’s stock.

Shares of NYSE:AXL traded up $0.45 during midday trading on Tuesday, reaching $14.61. The company had a trading volume of 2,281,451 shares, compared to its average volume of 1,886,099. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63. The company has a market cap of $1.63 billion, a P/E ratio of 3.90, a P/E/G ratio of 0.59 and a beta of 1.40. American Axle & Manufact. has a 1-year low of $10.13 and a 1-year high of $19.34.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.27). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. American Axle & Manufact.’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. As a group, equities analysts predict that American Axle & Manufact. will post 3.3 earnings per share for the current fiscal year.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, 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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