American Axle & Manufacturing (NYSE:AXL) Trading Up 10.3% - What's Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s share price rose 10.3% during mid-day trading on Tuesday . The stock traded as high as $5.56 and last traded at $5.68. Approximately 652,588 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,169,440 shares. The stock had previously closed at $5.15.

Analyst Upgrades and Downgrades

AXL has been the subject of several research reports. UBS Group decreased their price target on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating for the company in a research note on Tuesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday. Finally, Barclays dropped their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.75.

American Axle & Manufacturing Stock Down 4.7 %

The company has a market cap of $659.04 million, a P/E ratio of 20.02 and a beta of 1.94. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The company's 50-day moving average is $5.64 and its two-hundred day moving average is $6.05.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV lifted its stake in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after acquiring an additional 3,211 shares during the period. Lazard Asset Management LLC purchased a new position in American Axle & Manufacturing in the fourth quarter worth about $51,000. XTX Topco Ltd bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter valued at about $62,000. Ethic Inc. purchased a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at about $59,000. Finally, Ground Swell Capital LLC bought a new position in shares of American Axle & Manufacturing in the 4th quarter worth approximately $61,000. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.