Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.30.
Separately, Barclays lowered their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd.
Check Out Our Latest Research Report on AXL
Institutional Investors Weigh In On American Axle & Manufacturing
American Axle & Manufacturing Price Performance
AXL opened at $5.86 on Wednesday. The stock has a market capitalization of $688.90 million, a P/E ratio of 24.41 and a beta of 1.96. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. American Axle & Manufacturing has a 12-month low of $5.41 and a 12-month high of $8.98. The stock has a 50-day moving average price of $6.16 and a 200-day moving average price of $6.29.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.25. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share. Equities analysts predict that American Axle & Manufacturing will post 0.47 earnings per share for the current fiscal year.
American Axle & Manufacturing Company Profile
American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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