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 in the United States, Mexico, South America, China, other Asian countries, and Europe. It operates through 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. The Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AXL. Barclays lowered their price target on American Axle & Manufacturing from $6.00 to $5.00 in a research report on Tuesday, May 10th. TheStreet raised American Axle & Manufacturing from a "d+" rating to a "c-" rating in a research report on Friday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on American Axle & Manufacturing from $8.00 to $9.00 in a research report on Monday, August 8th. StockNews.com raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Friday, June 3rd. Finally, Morgan Stanley upped their price target on American Axle & Manufacturing from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $8.20.
American Axle & Manufacturing Stock Up 3.5 %
Shares of NYSE:AXL opened at $11.10 on Monday. American Axle & Manufacturing has a 52-week low of $6.36 and a 52-week high of $11.11. The firm has a market capitalization of $1.27 billion, a P/E ratio of -48.26, a P/E/G ratio of 1.56 and a beta of 2.13. The stock has a 50 day moving average price of $8.46 and a 200-day moving average price of $7.96. The company has a debt-to-equity ratio of 6.47, a quick ratio of 1.31 and a current ratio of 1.69.
American Axle & Manufacturing (NYSE:AXL - Get Rating) last announced its earnings results on Friday, August 5th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.12. American Axle & Manufacturing had a positive return on equity of 12.32% and a negative net margin of 0.47%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts anticipate that American Axle & Manufacturing will post 0.88 EPS for the current fiscal year.