Morgan Stanley Reiterates “Underweight” Rating for American Axle & Manufacturing Holdings (AXL)
American Axle & Manufacturing Holdings (NYSE:AXL)‘s stock had its “underweight” rating restated by research analysts at Morgan Stanley in a report released on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “AXL guided to $3.75-$3.8bn of sales (vs. MSe and cons $3.8bn) with EBITDA margins in the 13.5%-14.0% (vs. MSe 13.6% and cons 14.0%) and FCF of ~$100mm (vs. MSe $120mm),” the report noted. “Capex is expected to be ~6% (vs. MSe 6.1%). Guidance based on K2XX build assumption of 1.15 mm units. The soft margin guide was attributed to downtime for the K2XX SUVs/HD trucks, investment in IT systems ($10 mm) and R&D ($8-10 mm), half of which is expected to continue into 2015. Mgmt. saw the opportunity to become more efficient with K2XX production vs. 2013 but this would be offset by pricing givebacks.”
Several other analysts have also recently commented on the stock. 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.45.
Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded up 0.57% during mid-day trading on Thursday, hitting $21.11. The stock had a trading volume of 89,218 shares. American Axle & Manufacturing Holdings has a one year low of $10.97 and a one year high of $21.48. The stock’s 50-day moving average is $19.85 and its 200-day moving average is $19.44. The company has a market cap of $1.595 billion and a price-to-earnings ratio of 4.18.
American Axle & Manufacturing Holdings (NYSE:AXL) last released its 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. On average, analysts predict that American Axle & Manufacturing Holdings will post $1.56 earnings per share 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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