American Axle & Manufacturing (NYSE:AXL) Price Target Raised to $8.00

American Axle & Manufacturing (NYSE:AXL) had its price objective upped by Stifel Nicolaus from $7.00 to $8.00 in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the auto parts company’s stock.

AXL has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group boosted their price target on American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $7.00 price target on American Axle & Manufacturing in a research note on Monday, December 8th. Finally, Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

American Axle & Manufacturing Price Performance

AXL opened at $8.27 on Friday. The stock has a fifty day moving average price of $6.77 and a 200 day moving average price of $6.06. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. American Axle & Manufacturing has a 1 year low of $3.00 and a 1 year high of $8.63. The stock has a market cap of $981.06 million, a price-to-earnings ratio of 25.05 and a beta of 1.58.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AXL. Whitebox Advisors LLC grew its stake in shares of American Axle & Manufacturing by 23.0% in the second quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock worth $22,844,000 after acquiring an additional 1,047,820 shares during the last quarter. American Century Companies Inc. raised its stake in American Axle & Manufacturing by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 4,942,565 shares of the auto parts company’s stock valued at $29,705,000 after purchasing an additional 364,180 shares during the last quarter. Highland Peak Capital LLC boosted its holdings in American Axle & Manufacturing by 72.7% in the 3rd quarter. Highland Peak Capital LLC now owns 4,909,688 shares of the auto parts company’s stock valued at $29,507,000 after purchasing an additional 2,066,924 shares during the period. UBS Group AG grew its position in American Axle & Manufacturing by 760.8% in the 3rd quarter. UBS Group AG now owns 3,503,827 shares of the auto parts company’s stock worth $21,058,000 after purchasing an additional 3,096,778 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in American Axle & Manufacturing by 79.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,382,377 shares of the auto parts company’s stock worth $20,328,000 after purchasing an additional 1,502,709 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.