American Axle & Manufacturing (NYSE:AXL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Axle & Manufacturing (NYSE:AXL) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other equities analysts have also recently commented on AXL. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $6.00 to $8.00 in a research note on Tuesday, September 2nd. UBS Group upped their price objective on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Monday, October 6th. Stifel Nicolaus upped their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.17.

American Axle & Manufacturing Price Performance

NYSE AXL opened at $6.35 on Friday. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.03. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $752.90 million, a PE ratio of 18.66, a P/E/G ratio of 0.94 and a beta of 1.53. The stock has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $4.91.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Research analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AXL. Signaturefd LLC raised its position in American Axle & Manufacturing by 825.6% in the second quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 6,225 shares in the last quarter. Riverbend Wealth Management LLC acquired a new position in shares of American Axle & Manufacturing in the 2nd quarter worth approximately $42,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of American Axle & Manufacturing in the 2nd quarter worth approximately $47,000. Golden State Equity Partners acquired a new position in shares of American Axle & Manufacturing in the 1st quarter worth approximately $61,000. Finally, CWM LLC raised its stake in American Axle & Manufacturing by 685.1% during the second quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after acquiring an additional 14,804 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

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.