Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.00.
AXL has been the subject of several research analyst reports. UBS Group increased their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Bank of America raised their price target on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Finally, Citigroup lifted their price objective on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th.
Read Our Latest Report on American Axle & Manufacturing
Institutional Trading of American Axle & Manufacturing
American Axle & Manufacturing Price Performance
NYSE AXL opened at $6.51 on Wednesday. The firm’s fifty day simple moving average is $7.05 and its two-hundred day simple moving average is $7.29. The firm has a market capitalization of $765.27 million, a P/E ratio of -93.00 and a beta of 2.04. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 4.40. American Axle & Manufacturing has a 12-month low of $6.06 and a 12-month high of $8.99.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing will post 0.35 EPS for the current fiscal year.
About American Axle & Manufacturing
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.
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