Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.70.
Several equities research analysts recently weighed in on the company. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Wednesday, February 28th. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th.
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Institutional Investors Weigh In On American Axle & Manufacturing
American Axle & Manufacturing Trading Up 0.7 %
Shares of NYSE AXL opened at $7.52 on Monday. The firm has a market capitalization of $883.90 million, a PE ratio of -26.86, a PEG ratio of 2.71 and a beta of 2.22. The business has a 50-day moving average price of $7.09 and a two-hundred day moving average price of $7.48. The company has a current ratio of 1.67, a quick ratio of 1.27 and a debt-to-equity ratio of 4.55. American Axle & Manufacturing has a one year low of $6.29 and a one year high of $9.55.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. American Axle & Manufacturing’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts predict that American Axle & Manufacturing will post 0.34 earnings per share 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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