American Axle & Manufacturing Holdings (AXL) Earning Somewhat Positive Press Coverage, Report Finds

Media stories about American Axle & Manufacturing Holdings (NYSE:AXL) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Axle & Manufacturing Holdings earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 46.3653452035271 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 impacted Accern Sentiment’s analysis:

Several equities research analysts recently issued reports on the company. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. BidaskClub cut American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Off Wall Street initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.44.

American Axle & Manufacturing Holdings (NYSE:AXL) traded down 1.12% during midday trading on Wednesday, reaching $17.58. The company’s stock had a trading volume of 187,688 shares. The stock has a 50-day moving average price of $15.97 and a 200 day moving average price of $16.03. American Axle & Manufacturing Holdings has a 12 month low of $12.61 and a 12 month high of $21.25. The company has a market cap of $1.96 billion, a PE ratio of 6.08 and a beta of 1.38.

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

In other news, Director George Thanopoulos sold 125,000 shares of American Axle & Manufacturing Holdings stock in a transaction on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the completion of the sale, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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