American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Receives Average Rating of “Hold” from Analysts

Share on StockTwits

Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) have earned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.86.

AXL has been the subject of several research analyst reports. Bank of America upgraded shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $20.00 in a research report on Wednesday, February 20th. Barclays reiterated a “buy” rating and set a $20.00 target price on shares of American Axle & Manufact. in a research report on Thursday, May 9th. TheStreet cut shares of American Axle & Manufact. from a “b-” rating to a “c” rating in a research report on Monday, March 25th. Zacks Investment Research lowered shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, ValuEngine raised shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, February 15th.

AXL stock traded down $0.29 during trading on Friday, hitting $11.38. The company had a trading volume of 53,258 shares, compared to its average volume of 1,556,273. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.47 and a quick ratio of 1.14. American Axle & Manufact. has a 12 month low of $9.96 and a 12 month high of $19.34. The stock has a market capitalization of $1.29 billion, a PE ratio of 3.47, a price-to-earnings-growth ratio of 0.52 and a beta of 1.85.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. American Axle & Manufact. had a negative net margin of 1.48% and a positive return on equity of 18.62%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company posted $0.98 EPS. American Axle & Manufact.’s revenue was down 7.5% on a year-over-year basis. As a group, equities analysts expect that American Axle & Manufact. will post 2.73 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of American Axle & Manufact. by 10.5% in the 1st quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock valued at $30,340,000 after buying an additional 201,300 shares during the period. Sandbar Asset Management LLP acquired a new position in American Axle & Manufact. in the 1st quarter worth $958,000. CWM Advisors LLC acquired a new position in American Axle & Manufact. in the 1st quarter worth $162,000. Morgan Stanley boosted its stake in American Axle & Manufact. by 2.2% in the 1st quarter. Morgan Stanley now owns 578,230 shares of the auto parts company’s stock worth $8,275,000 after purchasing an additional 12,683 shares during the period. Finally, SEI Investments Co boosted its stake in American Axle & Manufact. by 244.7% in the 1st quarter. SEI Investments Co now owns 85,491 shares of the auto parts company’s stock worth $1,223,000 after purchasing an additional 60,692 shares during the period. 98.64% of the stock is owned by institutional investors.

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.

Recommended Story: What are Bollinger Bands?

Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Joseph A. Abbruzzi Sells 3,362 Shares of Lydall, Inc.  Stock
Joseph A. Abbruzzi Sells 3,362 Shares of Lydall, Inc. Stock
Coupa Software Inc  Insider Mark Riggs Sells 626 Shares
Coupa Software Inc Insider Mark Riggs Sells 626 Shares
Insider Buying: Visteon Corp  Director Acquires $107,840.00 in Stock
Insider Buying: Visteon Corp Director Acquires $107,840.00 in Stock
Insider Selling: IPG Photonics Co.  CAO Sells $90,510.75 in Stock
Insider Selling: IPG Photonics Co. CAO Sells $90,510.75 in Stock
Elevate Credit Inc  Major Shareholder Sells $143,992.00 in Stock
Elevate Credit Inc Major Shareholder Sells $143,992.00 in Stock
Insider Selling: ANGI Homeservices Inc  CEO Sells $162,087.84 in Stock
Insider Selling: ANGI Homeservices Inc CEO Sells $162,087.84 in Stock


 
© 2006-2019 Zolmax.