FBR & Co reiterated their hold rating on shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) in a report issued on Monday. The firm currently has a $16.00 price target on the stock, up from their prior price target of $12.00.

“American Axle Receives a Hold from FBR Capital | Analyst Ratings

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Home » American Axle Receives a Hold from FBR Capital,” the firm’s analyst wrote.

A number of other analysts have also weighed in on the stock. Buckingham Research lowered shares of American Axle & Manufacturing Holdings from a buy rating to a neutral rating in a research note on Thursday, November 3rd. Royal Bank Of Canada lowered shares of American Axle & Manufacturing Holdings from an outperform rating to a sector perform rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Monday, August 1st. Credit Agricole SA lowered shares of American Axle & Manufacturing Holdings from an outperform rating to an underperform rating in a research note on Friday, November 4th. RBC Capital Markets lowered shares of American Axle & Manufacturing Holdings from an outperform rating to a sector perform rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Finally, Barclays PLC raised their price objective on shares of American Axle & Manufacturing Holdings from $17.00 to $18.00 and gave the company an equal weight rating in a research note on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of $16.38.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) opened at 13.76 on Monday. The stock has a market capitalization of $1.05 billion, a PE ratio of 4.20 and a beta of 1.54. American Axle & Manufacturing Holdings has a 52 week low of $11.44 and a 52 week high of $22.98. The company’s 50 day moving average is $16.87 and its 200-day moving average is $16.46.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. American Axle & Manufacturing Holdings had a net margin of 6.48% and a return on equity of 61.64%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.78 EPS. American Axle & Manufacturing Holdings’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that American Axle & Manufacturing Holdings will post $3.11 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of AXL. Tower Research Capital LLC TRC increased its position in shares of American Axle & Manufacturing Holdings by 725.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,927 shares of the company’s stock valued at $129,000 after buying an additional 7,845 shares in the last quarter. PineBridge Investments L.P. purchased a new position in shares of American Axle & Manufacturing Holdings during the second quarter valued at $140,000. Sei Investments Co. increased its position in shares of American Axle & Manufacturing Holdings by 1,152.1% in the third quarter. Sei Investments Co. now owns 8,389 shares of the company’s stock valued at $144,000 after buying an additional 7,719 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of American Axle & Manufacturing Holdings by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 10,133 shares of the company’s stock valued at $147,000 after buying an additional 1,760 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of American Axle & Manufacturing Holdings by 10.7% in the third quarter. BlackRock Inc. now owns 8,755 shares of the company’s stock valued at $151,000 after buying an additional 845 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

5 Day Chart for NYSE:AXL

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