Headlines about American Axle & Manufact. (NYSE:AXL) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Axle & Manufact. earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 44.8969166903179 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
A number of research firms have weighed in on AXL. B. Riley restated a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Zacks Investment Research downgraded American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine raised American Axle & Manufact. from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of American Axle & Manufact. in a report on Sunday, September 17th. Finally, Bank of America lifted their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. American Axle & Manufact. currently has an average rating of “Hold” and an average price target of $19.67.
Shares of American Axle & Manufact. (NYSE AXL) opened at $18.01 on Thursday. The firm has a market capitalization of $2,000.00, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.66 and a beta of 1.36. American Axle & Manufact. has a 52-week low of $13.38 and a 52-week high of $21.25. 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. (NYSE:AXL) last released its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating 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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue was up 71.2% on a year-over-year basis. analysts forecast that American Axle & Manufact. will post 3.6 earnings per share for the current fiscal year.
In related news, major shareholder American Securities Llc sold 15,000,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.37, for a total transaction of $260,550,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Thanopoulos sold 354,931 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $17.58, for a total value of $6,239,686.98. Following the transaction, the director now directly owns 399,013 shares in the company, valued at $7,014,648.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,604,931 shares of company stock worth $271,156,687. 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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