President Driveline Oal Tolga I acquired 1,600 shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for $84,465 in transaction occurred on 2018/11/29. After making this transaction, the President Driveline owns a direct stake of 19,536 shares, worth $1,011,891, as per the last closing price. On 2018/11/29 Oal Tolga I, President Driveline at AXL, purchased 2,400 shares at an average price of $12.2 per share. The new stake is valued at $992,723.
Separately, it had been reported that some other AXL insiders also took part of the insider trading activity. Director, Miller William P Ii had invested in 1,500 shares for $74,607 through a trade on 2018/11/21. Following this activity, the insider holds 17,670 shares worth $893,792 as of recent close. Wall Street’s most bullish American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) analysts are predicting the share price to blow past $26 per share during the next 12 months. The current median share price forecast by them is $16, suggesting that the stock could increase 33.56% in that time frame. The average price target of $16.56 calls for a nearly 38.23% increase in the stock price.
American Axle & Manufacturing Holdings, Inc. (AXL) trading activity significantly improved as the volume at ready counter increased to 3,026,340 shares versus 2,422,500 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,175,253 shares. The share price dropped -2.36% in recent trade and currently has a stock-market value of $1.34B. The shares finished at $11.98, after trading as low as $11.62 earlier in the session. It hit an intraday high Thursday at $12.07. The stock is now 6.39% above against its bear-market low of $11.26 on November 05, 2018. It has retreated -63.86% since it’s 52-week high of $19.63 reached in January. Now the market price is down -30.02% on the year and down -29.65% YTD.
AXL’s 50 day simple moving average (SMA 50) price is $14.34 and its 200-day simple moving average (SMA 200) price is $15.84. The company’s stock currently has a total float of 110.41M shares. Its weekly volatility is hovering around 4.06% and felt 4.91% volatility in price over a month. On the upside, the share price will test short term resistance at around $12.16. On a downside, the stock is likely to find some support, which begins at $11.71. The failure to get near-term support could push it to $11.44.
It had seen a positive analyst call from BofA/Merrill, which upgraded the stock from Underperform to Neutral on November 05. Analysts at Wolfe Research, started covering the stock on October 02 with a Outperform rating. The stock won favor of Citigroup analysts who expressed their confidence in it using an upgrade from Neutral to Buy on March 27.
When looking at valuations, American Axle & Manufacturing Holdings, Inc. (AXL) has a cheap P/E of 3.55x as compared to industry average of 17.75x. Moreover, it trades for 4.07 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.73x price/book and 0.18x price/sales. Compared to others, American Axle & Manufacturing Holdings, Inc. is in a different league with regards to profitability, having net margins of 5.5%. To put some perspective around this, the industry’s average net margin is 6.69%. AXL’s ROE is 23.4%, which is also considerably better than the industry’s ROE of 10.12%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 2.12.
Shares of American Axle & Manufacturing Holdings, Inc. (AXL) have dropped -21.9% since the company’s last earnings report. Over the past 12 fiscal quarters, American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. AXL last reported earnings on November 02, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.63 per share, -97.89% change on the same period last year. That was worse than consensus for $0.9. Revenue for the recent quarter stood at $1.82 billion, up 5% on last year and above the $1.78 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.65 billion to $1.72 billion, which should be compared with $1.63 billion generated last year. EPS is seen in a range of $0.36 to $0.53, against the $0.69 reported a year ago.