2 weeks Ago By ABMN Staff
Shares of American Axle & Manufacturing Holdings, Inc. ( NYSE:AXL – Get Free Report ) have been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company.
The average 1-year price target among analysts that have issued ratings on the stock in the last year is $7.10. A number of analysts recently weighed in on AXL shares.
Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Bank of America boosted their price objective on shares of American Axle & Manufacturing from $7.00 to $7.
50 and gave the stock an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th.
Get Our Latest Report on AXL Hedge Funds Weigh In On American Axle & Manufacturing American Axle & Manufacturing Stock Up 3.2 % Shares of NYSE:AXL opened at $6.38 on Thursday.
The company has a market cap of $749.99 million, a price-to-earnings ratio of -91.14 and a beta of 1.
95. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.
99. The firm has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $6.
95. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.
68 and a quick ratio of 1.30. American Axle & Manufacturing ( NYSE:AXL – Get Free Report ) last announced its earnings results on Friday, August 9th.
The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.
08. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.
59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.
47%. American Axle & Manufacturing’s revenue for the quarter was up 3.9% on a year-over-year basis.
During the same period in the previous year, the business posted $0.12 earnings per share. Analysts anticipate that American Axle & Manufacturing will post 0.
34 EPS for the current fiscal year. American Axle & Manufacturing Company Profile ( Get Free Report 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. Featured Articles Receive News & Ratings for American Axle & Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter .
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