ValuEngine Downgrades 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 released on Tuesday, May 7th, ValuEngine reports.

AXL has been the topic of several other research reports. Zacks Investment Research cut American Axle & Manufact. from a buy rating to a hold rating in a report on Thursday, February 21st. TheStreet lowered shares of American Axle & Manufact. from a b- rating to a c rating in a research note on Monday, March 25th. Barclays reissued a buy rating and set a $21.00 target price on shares of American Axle & Manufact. in a research report on Sunday, March 31st. Royal Bank of Canada boosted their target price on shares of American Axle & Manufact. from $17.00 to $19.00 and gave the stock an outperform rating in a research report on Tuesday, February 19th. Finally, Buckingham Research cut their price objective on shares of American Axle & Manufact. from $16.00 to $15.00 and set a neutral rating for the company in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. American Axle & Manufact. presently has a consensus rating of Hold and a consensus target price of $17.50.

NYSE:AXL traded down $0.55 during mid-day trading on Tuesday, hitting $10.11. The company had a trading volume of 1,789,864 shares, compared to its average volume of 1,833,098. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.47 and a quick ratio of 1.14. American Axle & Manufact. has a 1 year low of $10.05 and a 1 year high of $19.34. The firm has a market capitalization of $1.15 billion, a PE ratio of 3.08, a price-to-earnings-growth ratio of 0.49 and a beta of 1.65.

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. American Axle & Manufact. had a positive return on equity of 18.62% and a negative net margin of 1.48%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Equities analysts anticipate that American Axle & Manufact. will post 2.73 EPS for the current year.

In related news, insider Tolga I. Oal sold 14,876 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total value of $215,255.72. Following the sale, the insider now owns 97,430 shares of the company’s stock, valued at $1,409,812.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its stake in American Axle & Manufact. by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 43,261 shares of the auto parts company’s stock worth $619,000 after buying an additional 781 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in American Axle & Manufact. by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 26,577 shares of the auto parts company’s stock worth $295,000 after buying an additional 855 shares during the last quarter. Hancock Whitney Corp grew its stake in American Axle & Manufact. by 3.6% during the first quarter. Hancock Whitney Corp now owns 25,900 shares of the auto parts company’s stock worth $371,000 after buying an additional 899 shares during the last quarter. Janney Capital Management LLC grew its stake in American Axle & Manufact. by 5.3% during the first quarter. Janney Capital Management LLC now owns 18,463 shares of the auto parts company’s stock worth $264,000 after buying an additional 932 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in American Axle & Manufact. by 3.2% during the fourth quarter. State of Alaska Department of Revenue now owns 37,321 shares of the auto parts company’s stock worth $414,000 after buying an additional 1,157 shares during the last quarter. 98.64% of the stock is currently owned by institutional investors and hedge funds.

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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