The price of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) shares last traded on Wall Street fell -1.36% to $10.16.
As we calculate the median target price by taking the range between a high of $13.00 and a low of $7.00, we find $10.00. Given the previous closing price of $10.30, this indicates a potential downside of -2.91 percent. AXL stock price is now 18.24% away from the 50-day moving average and 21.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.09B.
Brokers who have rated the stock have averaged $10.00 as their price target over the next twelve months.
With the price target reduced from $16 to $13, BofA Securities Downgraded its rating from Buy to Neutral for American Axle & Manufacturing Holdings Inc. (NYSE: AXL)., while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’.
Insiders disposed of 114,343 shares of company stock worth roughly $1.16 million over the past 1 year. A total of 2.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AXL stock. A new stake in American Axle & Manufacturing Holdings Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $18,091,000. WHITEBOX ADVISORS LLC invested $4,930,000 in shares of AXL during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in American Axle & Manufacturing Holdings Inc. valued at approximately $3,776,000. AMUNDI acquired a new stake in AXL for approximately $1,717,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in AXL valued at around $1,375,000 in the second quarter. In total, there are 294 active investors with 97.20% ownership of the company’s stock.
A candlestick chart of American Axle & Manufacturing Holdings Inc. (NYSE: AXL) showed a price of $10.29 on Wednesday morning. During the past 12 months, American Axle & Manufacturing Holdings Inc. has had a low of $6.36 and a high of $11.96. As of last week, the company has a debt-to-equity ratio of 6.15, a current ratio of 1.70, and a quick ratio of 1.30. The fifty day moving average price for AXL is $8.62 and a two-hundred day moving average price translates $8.38 for the stock.
The latest earnings results from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) was released for Jun, 2022. According to the Auto Parts Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.1 by 0.12. This compares to -$0.02 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 0.80% for AXL. The company reported revenue of $1.54 billion for the quarter, compared to $1.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.55 percent. For the current quarter, analysts expect AXL to generate $1.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/29/2008. Investors who held shares on 12/08/2008 were paid a $0.02 dividend.
American Axle & Manufacturing Holdings Inc.(AXL) Company Profile
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe. It operates through Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.