American Axle & Manufacturing (NYSE:AXL – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.
Other equities analysts also recently issued research reports about the stock. UBS Group upgraded shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Wednesday, February 28th. Bank of America downgraded shares of American Axle & Manufacturing from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $9.00 to $8.00 in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.70.
Check Out Our Latest Analysis on American Axle & Manufacturing
American Axle & Manufacturing Stock Performance
NYSE:AXL opened at $6.59 on Friday. The company has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $7.52. The company has a market cap of $771.49 million, a price-to-earnings ratio of -23.54, a price-to-earnings-growth ratio of 2.55 and a beta of 2.22. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 4.55. American Axle & Manufacturing has a 52 week low of $6.29 and a 52 week high of $9.55.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last issued its earnings results on Friday, February 16th. The auto parts company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, equities analysts anticipate that American Axle & Manufacturing will post 0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On American Axle & Manufacturing
Several large investors have recently bought and sold shares of AXL. Tower Research Capital LLC TRC raised its holdings in shares of American Axle & Manufacturing by 136.7% in the first quarter. Tower Research Capital LLC TRC now owns 4,246 shares of the auto parts company’s stock valued at $33,000 after buying an additional 2,452 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of American Axle & Manufacturing by 703.4% in the first quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock valued at $69,000 after buying an additional 7,780 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $72,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of American Axle & Manufacturing in the third quarter valued at about $76,000. Finally, GAMMA Investing LLC purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 91.41% of the company’s stock.
About American Axle & Manufacturing
American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
Featured Stories
Five stocks we like better than American Axle & Manufacturing
Dividend Tax Calculator
MarketBeat Week in Review – 3/11 – 3/15
Trading Halts Explained
Why Dollar General and Dollar Tree Are Similar Yet Different
Want to Profit on the Downtrend? Downtrends, Explained.
Jabil Stock Implodes: Market Manufactures Entry for New Money
Receive News & Ratings for American Axle & Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Axle & Manufacturing and related companies with MarketBeat.com’s FREE daily email newsletter.
