American Axle & Manufacturing Holdings Inc. (NYSE:AXL) was downgraded by equities researchers at Bank of America Corp. from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They currently have a $13.00 target price on the stock, down from their prior target price of $20.00. Bank of America Corp.’s price target suggests a potential downside of 3.35% from the stock’s current price.

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

Analyst Recommendations for American Axle & Manufacturing Holdings (NYSE:AXL)

American Axle & Manufacturing Holdings (NYSE:AXL) opened at 13.45 on Wednesday. American Axle & Manufacturing Holdings has a 12 month low of $11.44 and a 12 month high of $22.98. The company has a 50 day moving average price of $16.78 and a 200 day moving average price of $16.44. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.10 and a beta of 1.54.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. American Axle & Manufacturing Holdings had a return on equity of 61.64% and a net margin of 6.48%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that American Axle & Manufacturing Holdings will post $3.11 earnings per share for the current year.

In related news, Director Samuel Valenti III bought 10,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $13.44 per share, with a total value of $134,400.00. Following the purchase, the director now directly owns 17,220 shares of the company’s stock, valued at approximately $231,436.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Several large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. raised its stake in shares of American Axle & Manufacturing Holdings by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 19,152 shares of the company’s stock worth $277,000 after buying an additional 280 shares during the period. BlackRock Inc. raised its stake 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 worth $151,000 after buying an additional 845 shares during the period. Stifel Financial Corp raised its stake in shares of American Axle & Manufacturing Holdings by 8.2% in the second quarter. Stifel Financial Corp now owns 11,434 shares of the company’s stock worth $167,000 after buying an additional 862 shares during the period. Capstone Asset Management Co. raised its stake in shares of American Axle & Manufacturing Holdings by 5.1% in the third quarter. Capstone Asset Management Co. now owns 21,086 shares of the company’s stock worth $363,000 after buying an additional 1,030 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of American Axle & Manufacturing Holdings by 2.5% in the second quarter. Nationwide Fund Advisors now owns 50,390 shares of the company’s stock worth $730,000 after buying an additional 1,213 shares during the period. 96.32% of the stock is 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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