American Axle & Manufacturing (NYSE:AXL) Stock Rating Upgraded by Wall Street Zen

Key Points

• American Axle & Manufacturing's stock rating was upgraded from "buy" to a "strong-buy" by Wall Street Zen, indicating increased analyst confidence.
• The company reported quarterly earnings of $0.21 per share, exceeding expectations by $0.07, despite a 5.9% decrease in revenue year-over-year.
• American Axle's stock has a current market cap of $739.85 million and shows a trading increase of 2.5% to reach $6.24 per share.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Several other research firms have also recently issued reports on AXL. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a report on Thursday, August 21st. They set a "hold" rating and a $6.00 price objective on the stock. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a report on Sunday, August 10th. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of American Axle & Manufacturing in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and a consensus price target of $6.75.

American Axle & Manufacturing Trading Up 2.5%

Shares of AXL stock traded up $0.16 during mid-day trading on Friday, hitting $6.24. 2,999,344 shares of the company's stock were exchanged, compared to its average volume of 3,273,940. American Axle & Manufacturing has a fifty-two week low of $3.00 and a fifty-two week high of $7.03. The stock has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $4.68. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The stock has a market cap of $739.85 million, a price-to-earnings ratio of 18.34, a PEG ratio of 0.69 and a beta of 1.53.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The business's revenue was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Equities analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 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 period. Russell Investments Group Ltd. raised its position in American Axle & Manufacturing by 432.7% in the first quarter. Russell Investments Group Ltd. now owns 517,981 shares of the auto parts company's stock valued at $2,108,000 after purchasing an additional 420,749 shares during the period. Charles Schwab Investment Management Inc. raised its position in American Axle & Manufacturing by 20.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company's stock valued at $10,783,000 after purchasing an additional 444,134 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in American Axle & Manufacturing in the fourth quarter valued at about $62,000. Finally, Nomura Holdings Inc. raised its position in American Axle & Manufacturing by 12.7% in the first quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company's stock valued at $1,629,000 after purchasing an additional 45,200 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

About American Axle & Manufacturing

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.

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