American Axle & Mfg Holdings Inc. (AXL): Today's Featured Automotive Laggard
(
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.5%. By the end of trading, American Axle & Mfg Holdings fell $0.46 (-2.3%) to $19.16 on light volume. Throughout the day, 1,169,757 shares of American Axle & Mfg Holdings exchanged hands as compared to its average daily volume of 1,633,000 shares. The stock ranged in price between $19.13-$19.69 after having opened the day at $19.68 as compared to the previous trading day's close of $19.62. Other companies within the Automotive industry that declined today were:
(
), down 3.5%,
(
), down 2.2%,
(
), down 1.8% and
(
), down 1.6%.
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, engages in the design, engineering, validation, and manufacture of driveline and drivetrain systems, and related components and chassis modules for automotive industry worldwide. American Axle & Mfg Holdings has a market cap of $1.4 billion and is part of the consumer goods sector. Shares are up 75.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate American Axle & Mfg Holdings a buy, 2 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
American Axle & Mfg Holdings
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share.
- You can view the full American Axle & Mfg Holdings Ratings Report.
On the positive front,
(
), up 7.9%,
(
), up 4.7%,
(
), up 4.3% and
(
), up 3.4% , were all gainers within the automotive industry with
(
) being today's featured automotive industry leader.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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