For its third fiscal quarter (ending September 30), American Axle & Manufacturing Ho (NYSE: AXL) has reported E.P.S. of $0.08 compared to $-0.15 a year ago. This result exceeded the consensus estimate of $-0.03 by $0.11. E.P.S. were $0.24 for the latest four quarters through September 30 versus $-0.01 for the same period a year ago.
Recent Price Action
On 11/8/24, American Axle & Manufacturing Ho (NYSE: AXL) stock enjoyed a very large increase of 8.8%, closing at $6.77. Moreover, this advance was accompanied by exceptionally high trading volume at 208% of normal. The stock has been weak relative to the market over the last nine months but has risen 19.8% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. American Axle & Manufacturing Ho has a neutral Appreciation Score of 59 but a very low Power Rating of 12, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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