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

American Axle & Manufact. Holdings, Inc. (NYSE:AXL)’s share price 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.

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

The business has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $12.82. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.20 and a current ratio of 1.56. The stock has a market capitalization of $804.20 million, a P/E ratio of 2.12, a price-to-earnings-growth ratio of 0.42 and a beta of 1.98.

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 analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $1.70 billion for 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 business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Equities research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 2.11 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in American Axle & Manufact. by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 43,261 shares of the auto parts company’s stock valued at $619,000 after purchasing an additional 781 shares in the last quarter. Boston Advisors LLC boosted its stake in American Axle & Manufact. by 1.2% during the 2nd quarter. Boston Advisors LLC now owns 72,736 shares of the auto parts company’s stock valued at $928,000 after purchasing an additional 831 shares in the last quarter. Janney Capital Management LLC boosted its stake in American Axle & Manufact. by 5.3% during the 1st quarter. Janney Capital Management LLC now owns 18,463 shares of the auto parts company’s stock valued at $264,000 after purchasing an additional 932 shares in the last quarter. Mason Street Advisors LLC boosted its stake in American Axle & Manufact. by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 35,883 shares of the auto parts company’s stock valued at $513,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of American Axle & Manufact. by 27.0% during the 2nd quarter. Advisory Services Network LLC now owns 6,043 shares of the auto parts company’s stock worth $77,000 after acquiring an additional 1,284 shares in the last quarter.

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.

Featured Story: How Do Tariffs Affect Trade Balances?

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.