Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) have earned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.90.
Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday. Citigroup increased their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, UBS Group lifted their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th.
Hedge Funds Weigh In On American Axle & Manufacturing
American Axle & Manufacturing Trading Up 1.7 %
AXL stock opened at $6.17 on Wednesday. American Axle & Manufacturing has a 1-year low of $5.99 and a 1-year high of $8.99. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 4.40. The business’s 50 day moving average is $6.99 and its 200-day moving average is $7.26. The firm has a market cap of $724.71 million, a P/E ratio of -88.07 and a beta of 2.04.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. 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 analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that American Axle & Manufacturing will post 0.35 earnings per share for the current fiscal year.
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.
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