American Axle & Manufacturing (NYSE:AXL) Shares Gap Up - What's Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.41, but opened at $4.84. American Axle & Manufacturing shares last traded at $4.76, with a volume of 1,160,388 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on AXL. UBS Group upgraded shares of American Axle & Manufacturing from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.50 to $7.00 in a report on Monday. Morgan Stanley reduced their price target on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. Finally, Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $6.43.

American Axle & Manufacturing Price Performance

The stock has a market cap of $571.35 million, a P/E ratio of 28.32 and a beta of 1.54. The company has a 50 day simple moving average of $4.38 and a 200 day simple moving average of $4.58. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 4.38.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business's quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whitebox Advisors LLC lifted its position in shares of American Axle & Manufacturing by 33.7% during the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after buying an additional 477,550 shares during the last quarter. American Century Companies Inc. lifted its position in shares of American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after buying an additional 426,933 shares during the last quarter. JPMorgan Chase & Co. raised its position in American Axle & Manufacturing by 546.6% in the fourth quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock valued at $4,586,000 after purchasing an additional 664,922 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in American Axle & Manufacturing by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock valued at $424,000 after purchasing an additional 4,260 shares during the last quarter. Finally, Trexquant Investment LP raised its position in American Axle & Manufacturing by 23.4% in the fourth quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock valued at $5,109,000 after purchasing an additional 165,905 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.