News coverage about American Axle & Manufact. (NYSE:AXL) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Axle & Manufact. earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 47.4854198424252 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
AXL has been the topic of a number of recent research reports. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a report on Monday, October 16th. ValuEngine downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Morgan Stanley reaffirmed an “underweight” rating and set a $16.00 target price (up from $11.00) on shares of American Axle & Manufact. in a research note on Tuesday. Finally, Bank of America boosted their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.10.
American Axle & Manufact. (NYSE AXL) traded down $0.11 during midday trading on Thursday, hitting $16.46. The stock had a trading volume of 2,703,926 shares, compared to its average volume of 1,790,688. The stock has a market cap of $1,905.29, a PE ratio of 4.68, a PEG ratio of 0.59 and a beta of 1.35. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. American Axle & Manufact. has a fifty-two week low of $13.38 and a fifty-two week high of $21.25.
American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $0.78 EPS. The company’s revenue was up 71.2% compared to the same quarter last year. analysts expect that American Axle & Manufact. will post 3.63 EPS for the current fiscal year.
In other American Axle & Manufact. news, Director George Thanopoulos sold 150,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.64, for a total value of $2,646,000.00. Following the sale, the director now owns 399,013 shares of the company’s stock, valued at approximately $7,038,589.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,753,832 shares of company stock worth $273,191,537. 0.96% of the stock is owned by corporate insiders.
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About American Axle & Manufact.
American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.
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