2 weeks Ago By ABMN Staff
American Axle & Manufacturing Holdings, Inc. ( NYSE:AXL – Get Free Report )’s share price rose 7% during mid-day trading on Friday . The stock traded as high as $6.
62 and last traded at $6.61. Approximately 1,021,071 shares traded hands during trading, a decline of 35% from the average daily volume of 1,565,252 shares.
The stock had previously closed at $6.18. Wall Street Analysts Forecast Growth A number of brokerages have recently commented on AXL.
Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th.
Finally, Bank of America raised their price target 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.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.
10. Check Out Our Latest Report on AXL American Axle & Manufacturing Stock Performance 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 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08.
The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion.
American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%.
The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.
12 earnings per share. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.
34 earnings per share for the current fiscal year. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in AXL. Texas Permanent School Fund Corp boosted its position in American Axle & Manufacturing by 1.
4% during the 1st quarter. Texas Permanent School Fund Corp now owns 102,451 shares of the auto parts company’s stock valued at $754,000 after buying an additional 1,370 shares during the period. ProShare Advisors LLC boosted its holdings in shares of American Axle & Manufacturing by 7.
4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after purchasing an additional 1,582 shares during the period. QRG Capital Management Inc.
grew its stake in shares of American Axle & Manufacturing by 13.5% in the second quarter. QRG Capital Management Inc.
now owns 14,037 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 1,665 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in American Axle & Manufacturing by 2.5% during the 2nd quarter.
SummerHaven Investment Management LLC now owns 84,592 shares of the auto parts company’s stock valued at $591,000 after purchasing an additional 2,066 shares during the period. Finally, Xponance Inc. raised its position in American Axle & Manufacturing by 18.
2% during the 2nd quarter. Xponance Inc. now owns 18,225 shares of the auto parts company’s stock valued at $127,000 after purchasing an additional 2,800 shares during the last quarter.
Institutional investors own 91.41% of the company’s stock. About American Axle & Manufacturing ( 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 Stories 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.
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