American Axle & Manufact. (AXL) Receiving Somewhat Favorable News Coverage, Analysis Finds

News stories about American Axle & Manufact. (NYSE:AXL) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Axle & Manufact. earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.2256484012806 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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

American Axle & Manufact. (NYSE AXL) opened at $18.78 on Friday. American Axle & Manufact. has a one year low of $13.38 and a one year high of $21.25. The company has a market capitalization of $2,045.51, a P/E ratio of 6.43, a P/E/G ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was up 71.2% on a year-over-year basis. equities analysts anticipate that American Axle & Manufact. will post 3.6 EPS for the current year.

A number of research firms have recently weighed in on AXL. B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Zacks Investment Research lowered American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine raised American Axle & Manufact. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufact. in a research note on Sunday, September 17th. Finally, Bank of America upped their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.67.

In related news, Director George Thanopoulos sold 150,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.64, for a total transaction of $2,646,000.00. Following the completion of the transaction, the director now directly owns 399,013 shares of the company’s stock, valued at $7,038,589.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,604,931 shares of company stock valued at $271,156,687. 0.96% of the stock is owned by corporate insiders.

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About American Axle & Manufact.

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 & Manufact. (NYSE:AXL)

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