American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) had its price target increased by analysts at Bank of America Corporation from $12.00 to $13.00 in a research report issued on Monday. The brokerage presently has an “underperform” rating on the auto parts company’s stock. Bank of America Corporation’s price objective would suggest a potential downside of 30.07% from the stock’s current price.

A number of other brokerages have also recently commented on AXL. ValuEngine cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded American Axle & Manufacturing Holdings 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. KeyCorp restated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. BidaskClub cut American Axle & Manufacturing Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $23.00 price target on shares of American Axle & Manufacturing Holdings in a research report on Friday. Three equities research 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 & Manufacturing Holdings currently has an average rating of “Hold” and a consensus target price of $19.70.

American Axle & Manufacturing Holdings (NYSE AXL) traded down $0.35 during trading on Monday, reaching $18.59. The company had a trading volume of 1,116,943 shares, compared to its average volume of 1,746,370. The company has a market cap of $2,107.83, a PE ratio of 5.17, a PEG ratio of 0.71 and a beta of 1.37. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.72 and a quick ratio of 1.41.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. American Axle & Manufacturing Holdings had a return on equity of 36.26% and a net margin of 5.07%. American Axle & Manufacturing Holdings’s revenue for the quarter was up 71.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. equities analysts predict that American Axle & Manufacturing Holdings will post 3.29 EPS for the current fiscal year.

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In other news, Director George Thanopoulos sold 125,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the transaction, the director now owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock worth $168,853,000 after acquiring an additional 133,030 shares during the period. BlackRock Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 4.2% in the second quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock worth $157,338,000 after acquiring an additional 407,526 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufacturing Holdings by 41.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,654,109 shares of the auto parts company’s stock worth $88,203,000 after acquiring an additional 1,649,847 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of American Axle & Manufacturing Holdings by 1.9% in the second quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock worth $49,778,000 after acquiring an additional 58,360 shares during the period. Finally, Prudential PLC boosted its stake in shares of American Axle & Manufacturing Holdings by 3.3% in the second quarter. Prudential PLC now owns 2,302,800 shares of the auto parts company’s stock worth $35,924,000 after acquiring an additional 74,500 shares during the period.

American Axle & Manufacturing Holdings 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 & Manufacturing Holdings (NYSE:AXL)

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