American Axle & Manufact. (NYSE:AXL)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research report issued on Tuesday. They currently have a $16.00 target price on the auto parts company’s stock, up from their previous target price of $11.00. Morgan Stanley’s target price would indicate a potential downside of 3.44% from the company’s current price.

A number of other analysts also recently commented on AXL. ValuEngine downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufact. in a research report on Sunday, September 17th. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research report on Monday, October 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Finally, Bank of America increased their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. American Axle & Manufact. presently has a consensus rating of “Hold” and a consensus price target of $20.10.

Shares of American Axle & Manufact. (NYSE AXL) opened at $16.57 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $1,905.29, a P/E ratio of 4.68, a P/E/G ratio of 0.59 and a beta of 1.35. American Axle & Manufact. has a 52-week low of $13.38 and a 52-week high of $21.25.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.21. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. American Axle & Manufact.’s revenue was up 71.2% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. research analysts anticipate that American Axle & Manufact. will post 3.63 EPS for the current fiscal year.

In other American Axle & Manufact. news, Director George Thanopoulos sold 125,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the completion of the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,753,832 shares of company stock valued at $273,191,537. 0.96% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its holdings in shares of American Axle & Manufact. by 7.6% in the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of American Axle & Manufact. by 13.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares during the period. CIBC Asset Management Inc bought a new position in shares of American Axle & Manufact. in the second quarter worth $162,000. Victory Capital Management Inc. boosted its holdings in shares of American Axle & Manufact. by 76.9% in the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after acquiring an additional 4,238 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of American Axle & Manufact. by 18.7% in the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares during the period.

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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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