Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.90.
A number of research analysts have recently weighed in on AXL shares. Bank of America lifted their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research report on Monday, August 12th. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday.
Check Out Our Latest Stock Analysis on AXL
Hedge Funds Weigh In On American Axle & Manufacturing
American Axle & Manufacturing Stock Down 3.0 %
AXL stock opened at $5.90 on Friday. The company has a market cap of $693.56 million, a price-to-earnings ratio of -84.29 and a beta of 1.95. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The business’s 50-day moving average is $6.68 and its two-hundred day moving average is $7.04. American Axle & Manufacturing has a fifty-two week low of $5.85 and a fifty-two week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that American Axle & Manufacturing will post 0.35 earnings per share for the current 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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