American Axle & Manufacturing (NYSE:AXL) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of American Axle & Manufacturing (NYSE:AXL) from a strong-buy rating to a buy rating in a report published on Saturday.

A number of other equities analysts have also recently issued reports on AXL. UBS Group raised their target price on American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Monday, October 6th. Stifel Nicolaus boosted their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.17.

American Axle & Manufacturing Price Performance

Shares of AXL stock opened at $6.54 on Friday. The firm’s 50 day moving average price is $6.05 and its two-hundred day moving average price is $5.10. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. American Axle & Manufacturing has a 52-week low of $3.00 and a 52-week high of $7.03. The stock has a market cap of $775.47 million, a PE ratio of 19.22, a PEG ratio of 0.97 and a beta of 1.60.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, analysts forecast that American Axle & Manufacturing will post 0.57 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Several institutional investors have recently added to or reduced their stakes in AXL. Russell Investments Group Ltd. boosted its holdings in American Axle & Manufacturing by 432.7% during the first quarter. Russell Investments Group Ltd. now owns 517,981 shares of the auto parts company’s stock worth $2,108,000 after purchasing an additional 420,749 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of American Axle & Manufacturing by 20.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company’s stock worth $10,783,000 after buying an additional 444,134 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of American Axle & Manufacturing by 12.7% in the 1st quarter. Nomura Holdings Inc. now owns 400,300 shares of the auto parts company’s stock valued at $1,629,000 after acquiring an additional 45,200 shares in the last quarter. American Century Companies Inc. increased its position in shares of American Axle & Manufacturing by 11.1% in the first quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company’s stock valued at $17,434,000 after acquiring an additional 427,071 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in American Axle & Manufacturing by 19.0% during the first quarter. Invesco Ltd. now owns 2,274,422 shares of the auto parts company’s stock worth $9,257,000 after acquiring an additional 363,513 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

About American Axle & Manufacturing

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.