American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 3,000 put options on the company. This is an increase of 106% compared to the average daily volume of 1,453 put options.
Wall Street Analyst Weigh In
Several research firms recently weighed in on AXL. Royal Bank Of Canada restated a “sector perform” rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. TD Cowen began coverage on American Axle & Manufacturing in a report on Friday, March 7th. They issued a “hold” rating and a $5.00 price objective for the company. Morgan Stanley decreased their price objective on American Axle & Manufacturing from $8.00 to $7.50 and set an “overweight” rating for the company in a report on Monday, May 19th. Cowen restated a “hold” rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.93.
Check Out Our Latest Analysis on American Axle & Manufacturing
Institutional Inflows and Outflows
American Axle & Manufacturing Stock Performance
Shares of American Axle & Manufacturing stock opened at $4.21 on Friday. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $7.65. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.35 and a current ratio of 1.72. The company has a market capitalization of $498.97 million, a PE ratio of 24.74 and a beta of 1.58. The company has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $4.81.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 8.70% and a net margin of 0.36%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $0.18 EPS. The firm’s revenue was down 12.2% on a year-over-year basis. Research analysts expect that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.
About American Axle & Manufacturing
American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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