American Axle & Manufacturing Holdings (AXL) Receiving Somewhat Favorable Press Coverage, Report Finds

News stories about American Axle & Manufacturing Holdings (NYSE:AXL) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press 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 positive one, with scores closest to one being the most favorable. American Axle & Manufacturing Holdings earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 46.2899665699007 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded up 0.87% during trading on Monday, hitting $15.09. 403,545 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.55 and its 200 day moving average is $16.49. The firm has a market capitalization of $1.68 billion, a PE ratio of 5.20 and a beta of 1.33. American Axle & Manufacturing Holdings has a 1-year low of $12.61 and a 1-year high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The company’s revenue for the quarter was up 71.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities research analysts forecast that American Axle & Manufacturing Holdings will post $3.29 earnings per share for the current year.

A number of analysts recently issued reports on AXL shares. Deutsche Bank AG restated a “buy” rating and set a $22.00 target price (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. J P Morgan Chase & Co restated an “overweight” rating on shares of American Axle & Manufacturing Holdings in a research report on Monday, May 15th. BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. American Axle & Manufacturing Holdings presently has an average rating of “Hold” and an average target price of $19.90.

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About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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