Wall Street Zen Upgrades American Axle & Manufacturing (NYSE:AXL) to Buy

Key Points

• American Axle & Manufacturing has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts for the company's stock.
• The company reported $0.21 EPS for the last quarter, surpassing analysts' expectations of $0.14, despite a year-over-year revenue decline of 5.9%.
• Institutional investors hold 91.41% of American Axle & Manufacturing's stock, highlighting significant interest and investment from larger financial entities.

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

Other equities research analysts have also issued research reports about the company. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. UBS Group reaffirmed a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Finally, Morgan Stanley reduced their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.25.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL traded down $0.0120 during trading on Friday, hitting $5.5880. 3,268,793 shares of the stock were exchanged, compared to its average volume of 3,963,224. The company has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.45. The company has a market cap of $663.07 million, a PE ratio of 16.44, a P/E/G ratio of 0.62 and a beta of 1.59. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.03.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AXL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in American Axle & Manufacturing by 8.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company's stock valued at $124,000 after buying an additional 2,243 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in American Axle & Manufacturing by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 113,950 shares of the auto parts company's stock valued at $465,000 after buying an additional 2,473 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in American Axle & Manufacturing by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company's stock valued at $178,000 after buying an additional 2,993 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in American Axle & Manufacturing by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 118,944 shares of the auto parts company's stock valued at $485,000 after buying an additional 4,154 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in American Axle & Manufacturing by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock valued at $424,000 after buying an additional 4,260 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

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.