American Axle & Manufacturing (NYSE:AXL) Upgraded by StockNews.com to Buy

American Axle & Manufacturing (NYSE:AXL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Separately, UBS Group raised American Axle & Manufacturing from a "sell" rating to a "neutral" rating and set a $7.00 price objective on the stock in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.70.

American Axle & Manufacturing Trading Up 1.5 %

Shares of NYSE AXL traded up $0.11 during midday trading on Monday, hitting $7.38. The company's stock had a trading volume of 982,130 shares, compared to its average volume of 1,906,765. American Axle & Manufacturing has a 12-month low of $6.29 and a 12-month high of $9.55. The company has a current ratio of 1.67, a quick ratio of 1.27 and a debt-to-equity ratio of 4.55. The firm has a market cap of $867.45 million, a P/E ratio of -26.36, a price-to-earnings-growth ratio of 2.84 and a beta of 2.22. The business's 50 day moving average is $7.37 and its two-hundred day moving average is $7.48.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. The business's revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that American Axle & Manufacturing will post 0.32 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in American Axle & Manufacturing by 60,578.4% during the 2nd quarter. FMR LLC now owns 4,169,820 shares of the auto parts company's stock valued at $31,398,000 after purchasing an additional 4,162,948 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American Axle & Manufacturing by 804.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,835,148 shares of the auto parts company's stock worth $13,819,000 after acquiring an additional 1,632,158 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of American Axle & Manufacturing in the fourth quarter worth about $14,167,000. Barclays PLC raised its position in American Axle & Manufacturing by 522.6% during the third quarter. Barclays PLC now owns 1,122,458 shares of the auto parts company's stock valued at $8,149,000 after acquiring an additional 942,186 shares in the last quarter. Finally, Norges Bank acquired a new position in American Axle & Manufacturing in the fourth quarter valued at approximately $7,125,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.