American Axle & Manufact. Holdings Given Average Recommendation of “Hold” by Brokerages (NYSE:AXL)
American Axle & Manufact. Holdings (NYSE:AXL) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.84.
American Axle & Manufact. Holdings (NYSE:AXL) traded up 0.67% during mid-day trading on Monday, hitting $18.14. 54,891 shares of the company’s stock traded hands. American Axle & Manufact. Holdings has a 52-week low of $16.68 and a 52-week high of $21.48. The stock has a 50-day moving average of $18.6 and a 200-day moving average of $18.64. The company has a market cap of $1.374 billion and a P/E ratio of 9.44.
American Axle & Manufact. Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.04. The company had revenue of $946.90 million for the quarter, compared to the consensus estimate of $992.32 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Analysts expect that American Axle & Manufact. Holdings will post $2.34 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of American Axle & Manufact. Holdings in a research note on Wednesday, August 13th. They set a “neutral” rating and a $20.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of American Axle & Manufact. Holdings in a research note on Tuesday, August 5th. They now have a $19.00 price target on the stock. Finally, analysts at Buckingham Research cut their price target on shares of American Axle & Manufact. Holdings from $27.00 to $24.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock.
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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