American Axle (NYSE:AXL) – Equities researchers at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for American Axle in a report released on Thursday, April 19th. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.77.
Several other research analysts also recently commented on the stock. Citigroup raised shares of American Axle from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $15.34 to $20.00 in a report on Tuesday, March 27th. Morgan Stanley downgraded shares of American Axle to a “buy” rating and set a $20.00 price target for the company. in a report on Friday, March 23rd. Susquehanna Bancshares set a $17.00 price target on shares of American Axle and gave the company a “hold” rating in a report on Wednesday, March 14th. Guggenheim reissued a “buy” rating and issued a $21.00 price target on shares of American Axle in a report on Friday, February 23rd. Finally, ValuEngine downgraded shares of American Axle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. American Axle currently has an average rating of “Hold” and an average price target of $19.90.
AXL opened at $15.59 on Monday. The company has a market capitalization of $1,734.05, a P/E ratio of 4.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.37. American Axle has a 12 month low of $13.38 and a 12 month high of $20.27. The company has a quick ratio of 1.28, a current ratio of 1.60 and a debt-to-equity ratio of 2.58.
American Axle (NYSE:AXL) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 EPS for the quarter, topping 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 net margin of 5.38% and a return on equity of 32.04%. American Axle’s revenue for the quarter was up 83.2% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS.
In other news, Director George Thanopoulos sold 171,164 shares of American Axle stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $15.52, for a total transaction of $2,656,465.28. Following the completion of the sale, the director now directly owns 181,812 shares of the company’s stock, valued at approximately $2,821,722.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alberto L. Satine sold 25,349 shares of American Axle stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $15.01, for a total transaction of $380,488.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 329,751 shares of company stock valued at $5,138,985. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of American Axle during the 4th quarter worth $226,000. Xact Kapitalforvaltning AB bought a new stake in shares of American Axle during the 4th quarter worth $193,000. MetLife Investment Advisors LLC bought a new stake in shares of American Axle during the 4th quarter worth $815,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of American Axle by 19.8% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 37,470 shares of the auto parts company’s stock worth $638,000 after acquiring an additional 6,180 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of American Axle by 10.8% during the 4th quarter. Millennium Management LLC now owns 4,324,419 shares of the auto parts company’s stock worth $73,645,000 after acquiring an additional 421,269 shares during the last quarter.
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American Axle Company Profile
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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