ValuEngine Lowers American Axle & Manufact. (NYSE:AXL) to Strong Sell

ValuEngine downgraded shares of American Axle & Manufact. (NYSE:AXL) from a sell rating to a strong sell rating in a research report sent to investors on Monday, ValuEngine reports.

Several other brokerages have also commented on AXL. Barclays decreased their price objective on American Axle & Manufact. from $20.00 to $12.00 and set an overweight rating for the company in a report on Monday, August 5th. TheStreet lowered American Axle & Manufact. from a c- rating to a d+ rating in a report on Tuesday, August 27th. Finally, Bank of America reiterated a buy rating and set a $15.00 price objective on shares of American Axle & Manufact. in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. American Axle & Manufact. presently has an average rating of Hold and an average price target of $15.71.

American Axle & Manufact. stock traded up $0.21 during mid-day trading on Monday, reaching $11.06. 1,742,250 shares of the company were exchanged, compared to its average volume of 2,164,771. The business has a fifty day moving average of $8.46 and a 200 day moving average of $10.09. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.45 and a current ratio of 1.78. The firm has a market cap of $1.20 billion, a P/E ratio of 3.37, a PEG ratio of 0.80 and a beta of 2.17. American Axle & Manufact. has a 12-month low of $5.86 and a 12-month high of $17.20.

American Axle & Manufact. (NYSE:AXL) last posted its earnings results on Friday, November 1st. The auto parts company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. American Axle & Manufact. had a positive return on equity of 14.79% and a negative net margin of 5.77%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. American Axle & Manufact.’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that American Axle & Manufact. will post 1.54 EPS for the current year.

A number of hedge funds have recently modified their holdings of AXL. Systematic Financial Management LP acquired a new stake in American Axle & Manufact. during the 3rd quarter worth about $612,000. BBVA USA Bancshares Inc. acquired a new stake in American Axle & Manufact. during the 3rd quarter worth about $586,000. Boston Advisors LLC grew its position in American Axle & Manufact. by 130.4% during the 3rd quarter. Boston Advisors LLC now owns 167,573 shares of the auto parts company’s stock worth $1,377,000 after purchasing an additional 94,837 shares during the period. Tower Research Capital LLC TRC grew its position in American Axle & Manufact. by 621.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,239 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 2,790 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in American Axle & Manufact. during the 3rd quarter worth about $83,000.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, 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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Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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