American Axle & Manufact. Holdings Receives Average Rating of “Hold” from Analysts (NYSE:AXL)
Shares of American Axle & Manufact. Holdings (NYSE:AXL) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, AnalystRatings.NET reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.84.
Shares of American Axle & Manufact. Holdings (NYSE:AXL) opened at 18.12 on Monday. American Axle & Manufact. Holdings has a one year low of $16.68 and a one year high of $21.48. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $18.63. The company has a market cap of $1.373 billion and a P/E ratio of 9.48.
American Axle & Manufact. Holdings (NYSE:AXL) last announced its earnings results on Friday, August 1st. The company reported $0.67 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.34 earnings per share. American Axle & Manufact. Holdings’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that American Axle & Manufact. Holdings will post $2.34 EPS for the current fiscal year.
A number of analysts have recently weighed in on AXL shares. 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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