American Axle & Manufact. (NYSE:AXL) Stock Price Up 7.1%

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) rose 7.1% on Thursday . The stock traded as high as $12.93 and last traded at $12.90. Approximately 3,360,367 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 1,768,120 shares. The stock had previously closed at $12.05.

AXL has been the subject of several research reports. ValuEngine downgraded American Axle & Manufact. from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. TheStreet cut American Axle & Manufact. from a “b-” rating to a “c” rating in a research note on Monday, March 25th. Barclays reiterated a “buy” rating and issued a $21.00 price objective on shares of American Axle & Manufact. in a research note on Sunday, March 31st. Buckingham Research decreased their price objective on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Finally, Zacks Investment Research cut American Axle & Manufact. from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.22.

The company’s 50 day moving average price is $11.42. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 2.41. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 3.89, a PEG ratio of 0.59 and a beta of 1.85.

American Axle & Manufact. (NYSE:AXL) last posted its earnings results on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts forecast that American Axle & Manufact. Holdings, Inc. will post 2.73 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in American Axle & Manufact. during the first quarter worth approximately $33,000. O Shaughnessy Asset Management LLC purchased a new stake in American Axle & Manufact. during the fourth quarter worth approximately $45,000. Advisory Services Network LLC lifted its stake in American Axle & Manufact. by 535.0% during the fourth quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 3,756 shares during the last quarter. Advisor Group Inc. lifted its stake in American Axle & Manufact. by 119.8% during the fourth quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in American Axle & Manufact. during the fourth quarter worth approximately $58,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

About American Axle & Manufact. (NYSE:AXL)

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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