Terri M. Kemp Acquires 1,000 Shares of American Axle & Manufact. Holdings, Inc. (AXL) Stock
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) VP Terri M. Kemp purchased 1,000 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was bought at an average price of $12.71 per share, for a total transaction of $12,710.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of AXL opened at $11.91 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63. The company has a market cap of $1.44 billion, a PE ratio of 3.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.53. American Axle & Manufact. Holdings, Inc. has a 12-month low of $11.26 and a 12-month high of $19.63.
American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.27). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. Analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 3.57 earnings per share for the current year.
Several equities analysts have commented on AXL shares. TheStreet upgraded shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Citigroup dropped their price target on shares of American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, October 8th. Barclays set a $15.00 price target on shares of American Axle & Manufact. and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.10.
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About American Axle & Manufact.
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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