American Axle & Manufacturing (NYSE:AXL) Upgraded at Wall Street Zen

Key Points

• American Axle & Manufacturing has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased confidence among analysts in the stock's potential.
• Several brokerages, including Royal Bank Of Canada and UBS Group, raised their price targets for American Axle, with UBS increasing it from $7.50 to $8.50.
• The company reported $0.21 earnings per share for its last quarter, surpassing analyst estimates and showing a year-over-year revenue decline of 5.9%.

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

Several other brokerages have also recently issued reports on AXL. Royal Bank Of Canada raised shares of American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. UBS Group upped their price target on American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a "buy" rating in a research note on Monday, October 6th. Finally, Stifel Nicolaus raised their price objective on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.17.

American Axle & Manufacturing Stock Up 1.8%

Shares of NYSE:AXL opened at $6.50 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 3.86. The firm has a market cap of $770.70 million, a price-to-earnings ratio of 19.10, a PEG ratio of 0.93 and a beta of 1.53. The stock's 50-day moving average price is $5.93 and its two-hundred day moving average price is $4.86. 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 data on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm posted $0.19 EPS. The company's revenue was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, research analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of American Axle & Manufacturing by 825.6% in the second quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company's stock worth $28,000 after buying an additional 6,225 shares during the period. Riverbend Wealth Management LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth approximately $42,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in American Axle & Manufacturing in the second quarter valued at approximately $47,000. Golden State Equity Partners purchased a new stake in shares of American Axle & Manufacturing during the first quarter valued at approximately $61,000. Finally, CWM LLC lifted its position in shares of American Axle & Manufacturing by 685.1% during the second quarter. CWM LLC now owns 16,965 shares of the auto parts company's stock worth $69,000 after purchasing an additional 14,804 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

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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