News headlines about American Axle (NYSE:AXL) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Axle earned a news impact score of 0.19 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 45.6540648555241 out of 100, meaning 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 media stories that may have impacted Accern’s analysis:
AXL stock opened at $16.06 on Friday. American Axle has a 1-year low of $13.38 and a 1-year high of $20.27. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.60 and a quick ratio of 1.28. The stock has a market capitalization of $1,786.35, a PE ratio of 4.28, a price-to-earnings-growth ratio of 0.56 and a beta of 1.37.
American Axle (NYSE:AXL) last issued its earnings results on Friday, February 16th. The auto parts company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.13. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. American Axle had a return on equity of 32.04% and a net margin of 5.38%. The firm’s revenue for the quarter was up 83.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. analysts expect that American Axle will post 3.57 earnings per share for the current year.
Several research firms have recently weighed in on AXL. Zacks Investment Research lowered American Axle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of American Axle in a research report on Sunday, January 21st. ValuEngine lowered American Axle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Guggenheim reissued a “buy” rating and issued a $21.00 price objective on shares of American Axle in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $17.00 price objective on American Axle and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.90.
In other news, VP Michael Joseph Lynch sold 16,337 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $15.68, for a total value of $256,164.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alberto L. Satine sold 25,349 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $15.01, for a total value of $380,488.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 329,751 shares of company stock valued at $5,138,985. 0.96% of the stock is currently owned by company insiders.
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About American Axle
American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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