American Axle & Manufact. (NYSE:AXL) Shares Gap Up to $6.75

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) gapped up before the market opened on Thursday . The stock had previously closed at $6.67, but opened at $6.75. American Axle & Manufact. shares last traded at $6.82, with a volume of 91,542 shares traded.

A number of equities analysts have weighed in on the company. Credit Suisse Group assumed coverage on American Axle & Manufact. in a research report on Wednesday, June 26th. They set an “outperform” rating and a $15.00 price target on the stock. Barclays lowered their price target on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. ValuEngine cut American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 7th. Buckingham Research reduced their price objective on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Finally, Zacks Investment Research upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. American Axle & Manufact. currently has a consensus rating of “Hold” and an average target price of $16.33.

The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $759.21 million, a P/E ratio of 2.00, a PEG ratio of 0.40 and a beta of 1.98. The firm has a 50 day moving average of $9.98 and a 200-day moving average of $12.78.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, August 2nd. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.78 billion. American Axle & Manufact. had a negative net margin of 2.94% and a positive return on equity of 14.28%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, research analysts expect that American Axle & Manufact. Holdings, Inc. will post 2.11 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new position in American Axle & Manufact. during the second quarter valued at approximately $30,000. Advisory Services Network LLC raised its position in American Axle & Manufact. by 27.0% during the second quarter. Advisory Services Network LLC now owns 6,043 shares of the auto parts company’s stock valued at $77,000 after purchasing an additional 1,284 shares in the last quarter. Strs Ohio acquired a new position in American Axle & Manufact. during the first quarter valued at approximately $88,000. Camelot Portfolios LLC acquired a new position in American Axle & Manufact. during the second quarter valued at approximately $128,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in American Axle & Manufact. during the first quarter valued at approximately $156,000.

American Axle & Manufact. Company Profile (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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