American Axle & Manufact. (NYSE:AXL) Lifted to “Sell” at ValuEngine

American Axle & Manufact. (NYSE:AXL) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

A number of other research analysts have also recently commented on the stock. Barclays cut shares of American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price target on the stock. in a report on Tuesday, November 5th. TheStreet lowered shares of American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. Finally, Bank of America reissued a “buy” rating and issued a $15.00 price objective on shares of American Axle & Manufact. in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.71.

AXL opened at $10.01 on Tuesday. The business has a fifty day moving average of $9.56 and a 200 day moving average of $9.64. American Axle & Manufact. has a 52-week low of $5.86 and a 52-week high of $17.20. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 2.61. The stock has a market cap of $1.11 billion, a P/E ratio of 3.05, a PEG ratio of 0.81 and a beta of 2.20.

American Axle & Manufact. (NYSE:AXL) last released 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. Equities analysts anticipate that American Axle & Manufact. will post 1.51 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of American Axle & Manufact. by 2.4% in the 2nd quarter. BlackRock Inc. now owns 16,865,767 shares of the auto parts company’s stock worth $215,209,000 after purchasing an additional 389,512 shares during the period. Vanguard Group Inc. increased its holdings in American Axle & Manufact. by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,333,245 shares of the auto parts company’s stock valued at $157,371,000 after buying an additional 437,260 shares during the period. State Street Corp raised its stake in American Axle & Manufact. by 0.9% in the third quarter. State Street Corp now owns 3,493,004 shares of the auto parts company’s stock worth $28,712,000 after buying an additional 30,165 shares in the last quarter. Northern Trust Corp raised its stake in American Axle & Manufact. by 1.5% in the second quarter. Northern Trust Corp now owns 2,558,847 shares of the auto parts company’s stock worth $32,651,000 after buying an additional 37,700 shares in the last quarter. Finally, Prudential PLC lifted its holdings in American Axle & Manufact. by 19.1% during the second quarter. Prudential PLC now owns 2,443,200 shares of the auto parts company’s stock worth $31,175,000 after buying an additional 392,300 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

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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