Brokerages Consensus: "Reduce" Rating for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has received an overall "Reduce" consensus rating from six analysts currently covering the stock, according to Marketbeat. Of these analysts, two recommend selling, three suggest holding, and one advises buying the company's stock. The average 12-month target price provided by analysts over the last year is $7.83.

Positive Outlook from Marketers Amid AI Threats

Despite the looming impact of artificial intelligence (AI) on job sectors, including the automotive industry, marketers at American Axle & Manufacturing seem more enthusiastic than threatened. The World Federation of Advertisers (WFA) reports that marketers are embracing the technology, viewing it as an opportunity rather than a threat to their roles.

Analyst Reports and Recommendations

Several recent reports from analysts have influenced the perception of American Axle & Manufacturing stock. Bank of America downgraded the stock from "neutral" to "underperform," lowering the price target from $9.00 to $8.00. StockNews.com also shifted its rating from "buy" to "hold." Morgan Stanley reduced the price target from $12.00 to $10.00 but maintained an "overweight" rating. TheStreet downgraded the stock from "c" to "d+." Citigroup lowered the target price from $9.00 to $7.50, assigning a "neutral" rating.

Stock Performance Overview

On the New York Stock Exchange (NYSE), AXL opened at $7.51 on the most recent trading day. The stock has a 50-day simple moving average of $7.88 and a 200-day simple moving average of $7.76. With a market capitalization of $879.12 million, the stock has a price-to-earnings ratio of -750.25, a PEG ratio of 2.86, and a beta of 2.35. The company has a 1-year low of $6.29 and a 1-year high of $10.12. Key financial ratios include a current ratio of 1.71, a quick ratio of 1.34, and a debt-to-equity ratio of 4.62.

Earnings Report and Analyst Projections

American Axle & Manufacturing reported quarterly earnings data on November 3rd, revealing an earnings per share of ($0.11), missing the consensus estimate of ($0.04). The company reported revenue of $1.55 billion, surpassing analyst estimates of $1.49 billion. Analysts project a negative return on equity of 1.46% and a negative net margin of 0.01%. While revenue for the quarter was up 1.1% compared to the same period last year, analysts anticipate the company will post earnings per share of -0.18 for the current year.

Institutional Investors and Hedge Fund Activity

Several institutional investors and hedge funds have recently adjusted their positions in American Axle & Manufacturing. Notable actions include Tower Research Capital LLC TRC raising its holdings by 136.7%, Point72 Hong Kong Ltd increasing its stake by 703.4%, and QRG Capital Management Inc. acquiring a new position. Institutional investors now own 91.41% of the company's stock.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc. and its subsidiaries specialize in designing, engineering, and manufacturing driveline and metal forming technologies supporting electric, hybrid, and internal combustion vehicles. The company operates through two segments: Driveline and Metal Forming. The Driveline segment offers various driveline products and systems for a range of vehicles, including light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles.

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