American Axle & Manufact. (NYSE:AXL) was downgraded by Morgan Stanley to a “buy” rating in a note issued to investors on Friday. They presently have a $20.00 target price on the auto parts company’s stock. Morgan Stanley’s target price would indicate a potential upside of 32.19% from the company’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of American Axle & Manufact. in a research note on Sunday, January 21st. Zacks Investment Research downgraded American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Guggenheim reaffirmed a “buy” rating and issued a $21.00 price target on shares of American Axle & Manufact. in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $17.00 price target on American Axle & Manufact. and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. American Axle & Manufact. presently has a consensus rating of “Hold” and a consensus price target of $19.89.

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American Axle & Manufact. (NYSE:AXL) opened at $15.13 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.60 and a debt-to-equity ratio of 2.58. American Axle & Manufact. has a one year low of $13.38 and a one year high of $20.27. The firm has a market capitalization of $1,613.84, a P/E ratio of 4.64, a P/E/G ratio of 0.50 and a beta of 1.45.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.13. American Axle & Manufact. had a return on equity of 32.04% and a net margin of 5.38%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business earned $0.59 EPS. The firm’s revenue was up 83.2% compared to the same quarter last year. research analysts predict that American Axle & Manufact. will post 3.56 earnings per share for the current fiscal year.

In other news, Director George Thanopoulos sold 171,164 shares of American Axle & Manufact. stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $15.52, for a total transaction of $2,656,465.28. Following the sale, the director now owns 181,812 shares of the company’s stock, valued at approximately $2,821,722.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alberto L. Satine sold 25,349 shares of American Axle & Manufact. stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $15.01, for a total value of $380,488.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 329,751 shares of company stock worth $5,138,985. Company insiders own 0.96% of the company’s stock.

Several large investors have recently made changes to their positions in AXL. Deutsche Bank AG grew its holdings in shares of American Axle & Manufact. by 240.9% during the 4th quarter. Deutsche Bank AG now owns 4,679,598 shares of the auto parts company’s stock worth $79,692,000 after purchasing an additional 3,307,056 shares in the last quarter. BlackRock Inc. grew its holdings in shares of American Axle & Manufact. by 22.4% during the 4th quarter. BlackRock Inc. now owns 12,973,513 shares of the auto parts company’s stock worth $220,939,000 after purchasing an additional 2,372,920 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in shares of American Axle & Manufact. by 87.1% during the 4th quarter. Levin Capital Strategies L.P. now owns 3,547,537 shares of the auto parts company’s stock worth $60,415,000 after purchasing an additional 1,651,735 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Axle & Manufact. by 24.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock worth $124,142,000 after purchasing an additional 1,407,426 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of American Axle & Manufact. by 33.1% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,003,677 shares of the auto parts company’s stock worth $87,964,000 after purchasing an additional 1,243,914 shares in the last quarter.

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American Axle & Manufact. Company Profile

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.

Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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