American Axle & Manufacturing Ho (NYSE: AXL) has reported E.P.S. of $0.15 for its second fiscal quarter (ending June 30) versus $0.07 for the same period a year ago. E.P.S. were $0.01 for the latest four quarters through June 30 versus $0.35 for the same period a year ago.
Recent Price Action
On 8/9/24, American Axle & Manufacturing Ho (NYSE: AXL) stock enjoyed a large increase of 4.8%, closing at $6.51. Moreover, exceptionally high trading volume at 220% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -9.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AXL is expected to continue to be a Value Builder.
American Axle & Manufacturing Ho has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. American Axle & Manufacturing Ho has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 36, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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