American Axle & Manufacturing (NYSE:AXL) Now Covered by BWS Financial

BWS Financial initiated coverage on shares of American Axle & Manufacturing (NYSE:AXL) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $17.00 price objective on the auto parts company’s stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. Royal Bank Of Canada boosted their price target on American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Morgan Stanley set a $7.00 price target on shares of American Axle & Manufacturing in a research note on Monday, December 8th. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, UBS Group boosted their target price on American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

American Axle & Manufacturing Stock Performance

NYSE:AXL opened at $8.07 on Tuesday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77. American Axle & Manufacturing has a fifty-two week low of $3.00 and a fifty-two week high of $8.63. The business has a 50 day moving average price of $6.84 and a 200-day moving average price of $6.11. The firm has a market cap of $957.67 million, a PE ratio of 24.45 and a beta of 1.58.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 7.92%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. Equities research analysts predict that American Axle & Manufacturing will post 0.57 earnings per share for the current year.

Institutional Trading of American Axle & Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Investment Management LLC purchased a new position in American Axle & Manufacturing during the fourth quarter valued at $89,000. Allspring Global Investments Holdings LLC raised its stake in shares of American Axle & Manufacturing by 9.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 67,339 shares of the auto parts company’s stock valued at $437,000 after acquiring an additional 5,989 shares during the period. SG Americas Securities LLC raised its position in American Axle & Manufacturing by 351.1% in the 4th quarter. SG Americas Securities LLC now owns 125,114 shares of the auto parts company’s stock worth $802,000 after purchasing an additional 97,377 shares during the period. JPMorgan Chase & Co. grew its stake in shares of American Axle & Manufacturing by 81.2% during the third quarter. JPMorgan Chase & Co. now owns 180,685 shares of the auto parts company’s stock valued at $1,086,000 after buying an additional 80,957 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in American Axle & Manufacturing in the 3rd quarter valued at $101,000. Institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.