In yesterday’s Wall Street session, American Axle & Manufacturing Holdings Inc. (NYSE:AXL) shares traded at $9.18, down -2.03% from the previous session.
9 analysts cover American Axle & Manufacturing Holdings Inc. (NYSE:AXL), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $8.00, we find $9.00. Given the previous closing price of $9.37, this indicates a potential downside of -3.95 percent. AXL stock price is now 11.94% away from the 50-day moving average and 9.06% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
The stock has received a hold rating from 7 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $9.63 as their price target over the next twelve months.
With the price target of $10, Barclays recently initiated with Equal Weight rating for American Axle & Manufacturing Holdings Inc. (NYSE: AXL).
In other news, Barnes David Eugene, VP & General Counsel sold 29,533 shares of the company’s stock on Mar 01. The stock was sold for $265,797 at an average price of $9.00. Upon completion of the transaction, the VP & General Counsel now directly owns 104,621 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, President Forging WILLEMSE NORMAN sold 59,265 shares of the business’s stock. A total of $533,385 was realized by selling the stock at an average price of $9.00. This leaves the insider owning 297,435 shares of the company worth $2.73 million. Insiders disposed of 1,550,960 shares of company stock worth roughly $14.24 million over the past 1 year. A total of 3.16% 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 EA SERIES TRUST during the first quarter worth $3,658,000. EMPOWERED FUNDS, LLC invested $3,658,000 in shares of AXL during the first quarter. In the first quarter, MILL ROAD CAPITAL MANAGEMENT LLC acquired a new stake in American Axle & Manufacturing Holdings Inc. valued at approximately $2,390,000. ALGERT GLOBAL LLC acquired a new stake in AXL for approximately $1,429,000. UBS ASSET MANAGEMENT AMERICAS INC purchased a new stake in AXL valued at around $1,410,000 in the second quarter. In total, there are 293 active investors with 98.40% ownership of the company’s stock.
On Thursday morning American Axle & Manufacturing Holdings Inc. (NYSE: AXL) stock kicked off with the opening price of $9.31. During the past 12 months, American Axle & Manufacturing Holdings Inc. has had a low of $6.61 and a high of $11.96. As of last week, the company has a debt-to-equity ratio of 4.66, a current ratio of 1.70, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $3.65B, which is based on a 19.21 price-to-earnings ratio, a 1.14 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for AXL is $8.24 and a two-hundred day moving average price translates $8.42 for the stock.
The latest earnings results from American Axle & Manufacturing Holdings Inc. (NYSE: AXL) was released for Mar, 2023. According to the Auto Parts Company, earnings per share came in at -$0.01, beating analysts’ expectations of -$0.06 by 0.05. This compares to $0.01 EPS in the same period last year. The net profit margin was 0.90% and return on equity was 10.10% for AXL. The company reported revenue of $1.49 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.02 percent. For the current quarter, analysts expect AXL to generate $1.59B 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. 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 range of products, such as engine, transmission, driveline, and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It operates across Brazil, China, Czech Republic, England, France, Germany, India, Japan, Luxembourg, Mexico, Poland, Romina, Scotland, South Korea, Spain, Sweden, Thailand, and United States of America. The company was founded in 1994 and is headquartered in Detroit, Michigan.
