Analysts Set American Axle & Manufacturing Holdings, Inc. (AXL) Price Target at $20.29

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given an average rating of “Hold” by the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.29.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufacturing Holdings in a research note on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research note on Sunday, September 17th. B. Riley reiterated a “sell” rating on shares of American Axle & Manufacturing Holdings in a research note on Wednesday, November 8th. BidaskClub downgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th.

Shares of American Axle & Manufacturing Holdings (AXL) traded up $0.31 during mid-day trading on Thursday, reaching $17.99. 4,375,355 shares of the company’s stock traded hands, compared to its average volume of 2,880,840. The company has a market capitalization of $2,002.11, a price-to-earnings ratio of 4.92, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. American Axle & Manufacturing Holdings has a twelve month low of $13.38 and a twelve month high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.65 by $0.21. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. American Axle & Manufacturing Holdings had a net margin of 5.07% and a return on equity of 36.26%. The company’s revenue for the quarter was up 71.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. analysts expect that American Axle & Manufacturing Holdings will post 3.58 earnings per share for the current year.

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In related news, major shareholder American Securities Llc sold 15,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $17.37, for a total transaction of $260,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Thanopoulos sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,248,901 shares of company stock valued at $264,305,850. 0.96% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of AXL. Morgan Stanley grew its stake in American Axle & Manufacturing Holdings by 7.0% during the first quarter. Morgan Stanley now owns 418,610 shares of the auto parts company’s stock valued at $7,862,000 after acquiring an additional 27,281 shares in the last quarter. New York State Teachers Retirement System grew its stake in American Axle & Manufacturing Holdings by 3.2% during the first quarter. New York State Teachers Retirement System now owns 54,655 shares of the auto parts company’s stock valued at $1,026,000 after acquiring an additional 1,700 shares in the last quarter. BlackRock Inc. grew its stake in American Axle & Manufacturing Holdings by 108,522.5% during the first quarter. BlackRock Inc. now owns 9,678,267 shares of the auto parts company’s stock valued at $181,758,000 after acquiring an additional 9,669,357 shares in the last quarter. KCG Holdings Inc. purchased a new position in American Axle & Manufacturing Holdings during the first quarter valued at approximately $302,000. Finally, Schwab Charles Investment Management Inc. lifted its position in American Axle & Manufacturing Holdings by 15.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 470,000 shares of the auto parts company’s stock valued at $8,827,000 after purchasing an additional 61,783 shares during the last quarter.

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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