American Axle & Manufacturing (NYSE:AXL) Raised to Strong-Buy at Wall Street Zen

American Axle & Manufacturing (NYSE:AXL) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Saturday, September 27th. Stifel Nicolaus began coverage on American Axle & Manufacturing in a research note on Thursday, August 21st. They issued a “hold” rating and a $6.00 price target on the stock. Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, September 2nd. Finally, UBS Group restated a “buy” rating on shares of American Axle & Manufacturing in a research note on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.75.

American Axle & Manufacturing Stock Up 2.5%

AXL stock opened at $6.24 on Friday. American Axle & Manufacturing has a fifty-two week low of $3.00 and a fifty-two week high of $7.03. The business’s 50 day moving average price is $5.68 and its two-hundred day moving average price is $4.68. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market capitalization of $739.85 million, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.70 and a beta of 1.53.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, August 8th. The auto parts company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing has set its FY 2025 guidance at EPS. As a group, analysts forecast that American Axle & Manufacturing will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Axle & Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXL. Arrowstreet Capital Limited Partnership lifted its position in American Axle & Manufacturing by 615.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,879,668 shares of the auto parts company’s stock valued at $7,669,000 after acquiring an additional 1,617,069 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in American Axle & Manufacturing by 465.1% in the 1st quarter. HITE Hedge Asset Management LLC now owns 1,944,668 shares of the auto parts company’s stock valued at $7,915,000 after acquiring an additional 1,600,512 shares in the last quarter. Whitebox Advisors LLC lifted its position in American Axle & Manufacturing by 23.0% in the 2nd quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock valued at $22,844,000 after acquiring an additional 1,047,820 shares in the last quarter. JB Capital Partners LP lifted its position in American Axle & Manufacturing by 622.6% in the 1st quarter. JB Capital Partners LP now owns 957,500 shares of the auto parts company’s stock valued at $3,897,000 after acquiring an additional 825,000 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in American Axle & Manufacturing in the 2nd quarter valued at approximately $3,231,000. 91.41% of the stock is owned by institutional investors.

About American Axle & Manufacturing

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.