American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a research note issued on Friday. They currently have a $23.00 target price on the auto parts company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 21.44% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. ValuEngine cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Off Wall Street began coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating on the stock. Finally, KeyCorp restated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.50.

American Axle & Manufacturing Holdings (NYSE AXL) traded up $1.13 during trading on Friday, reaching $18.94. 954,664 shares of the company’s stock were exchanged, compared to its average volume of 1,583,313. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 5.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.78 EPS. American Axle & Manufacturing Holdings’s revenue for the quarter was up 71.2% on a year-over-year basis. analysts anticipate that American Axle & Manufacturing Holdings will post 3.29 EPS for the current fiscal year.

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In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 123,901 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the transaction, the director now owns 876,745 shares of the company’s stock, valued at approximately $13,282,686.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of American Axle & Manufacturing Holdings by 23.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 70,771 shares of the auto parts company’s stock worth $1,244,000 after acquiring an additional 13,396 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in American Axle & Manufacturing Holdings by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 46,151 shares of the auto parts company’s stock valued at $811,000 after buying an additional 20,937 shares in the last quarter. Dupont Capital Management Corp acquired a new position in American Axle & Manufacturing Holdings in the 3rd quarter valued at $944,000. Canada Pension Plan Investment Board grew its holdings in American Axle & Manufacturing Holdings by 115.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 187,800 shares of the auto parts company’s stock valued at $3,302,000 after buying an additional 100,700 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in American Axle & Manufacturing Holdings in the 3rd quarter valued at $398,000.

About American Axle & Manufacturing Holdings

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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