American Axle & Manufacturing Holdings Inc. Sets New 1-Year High at $21.48 (AXL)
American Axle & Manufacturing Holdings (NYSE:AXL) set a new 52-week high on Wednesday, American Banking News.com reports. The company traded as high as $21.48 and last traded at $21.01, with a volume of 2,551,377 shares. The stock had previously closed at $20.30.
A number of research firms have recently commented on AXL. Analysts at Thomson Reuters/Verus upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Ned Davis Research downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at TheStreet upgraded shares of American Axle & Manufacturing Holdings to a “buy” rating in a research note to investors on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.45.
American Axle & Manufacturing Holdings has a 1-year low of $10.97 and a 1-year high of $21.41. The stock’s 50-day moving average is $19.80 and its 200-day moving average is $19.43. The company has a market cap of $1.586 billion and a price-to-earnings ratio of 4.04.
American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.16. The company had revenue of $820.80 million for the quarter, compared to the consensus estimate of $866.49 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that American Axle & Manufacturing Holdings will post $1.56 EPS for the current fiscal year.
American Axle & Manufacturing Holdings, Inc (NYSE:AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.
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