American Axle & Manufacturing (NYSE:AXL - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.
Several other research firms have also weighed in on AXL. UBS Group lifted their price objective on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a "buy" rating in a research note on Monday, October 6th. Wall Street Zen lowered American Axle & Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus initiated coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a "hold" rating and a $6.00 price objective on the stock. Finally, Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.00.
View Our Latest Research Report on American Axle & Manufacturing
American Axle & Manufacturing Price Performance
Shares of AXL stock traded up $0.08 during mid-day trading on Tuesday, reaching $5.49. The stock had a trading volume of 713,108 shares, compared to its average volume of 3,059,921. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.03. The company has a market cap of $650.85 million, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The business has a 50-day simple moving average of $5.82 and a 200 day simple moving average of $4.74. 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 (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. American Axle & Manufacturing has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that American Axle & Manufacturing will post 0.57 earnings per share for the current year.
Institutional Investors Weigh In On American Axle & Manufacturing
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of American Axle & Manufacturing by 825.6% in the 2nd quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 6,225 shares during the last quarter. Riverbend Wealth Management LLC bought a new position in American Axle & Manufacturing during the 2nd quarter worth $42,000. Wealth Enhancement Advisory Services LLC bought a new position in American Axle & Manufacturing during the 4th quarter worth $62,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in American Axle & Manufacturing during the 2nd quarter worth $47,000. Finally, Golden State Equity Partners bought a new position in American Axle & Manufacturing during the 1st quarter worth $61,000. 91.41% of the stock is currently owned by institutional investors.
American Axle & Manufacturing Company Profile
(
Get Free Report)
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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