American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has been given an average rating of “Hold” by the sixteen analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.00.

A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research raised shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a report on Friday. Off Wall Street assumed coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They set a “buy” rating for the company. CLSA assumed coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They set a “buy” rating and a $18.00 target price for the company. Finally, ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd.

American Axle & Manufacturing Holdings (NYSE:AXL) traded up 0.41% during trading on Tuesday, reaching $14.69. 1,955,984 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a one year low of $12.61 and a one year high of $21.25. The firm has a market capitalization of $1.63 billion, a PE ratio of 5.06 and a beta of 1.34. The company has a 50-day moving average price of $15.41 and a 200 day moving average price of $17.57.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 71.4% compared to the same quarter last year. On average, analysts anticipate that American Axle & Manufacturing Holdings will post $3.30 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AXL. Principal Financial Group Inc. boosted its position in American Axle & Manufacturing Holdings by 8.5% in the second quarter. Principal Financial Group Inc. now owns 652,362 shares of the auto parts company’s stock worth $10,177,000 after buying an additional 51,140 shares during the last quarter. IndexIQ Advisors LLC bought a new position in American Axle & Manufacturing Holdings during the second quarter worth approximately $393,000. Prudential Financial Inc. boosted its position in American Axle & Manufacturing Holdings by 11.8% in the second quarter. Prudential Financial Inc. now owns 637,966 shares of the auto parts company’s stock worth $9,952,000 after buying an additional 67,095 shares during the last quarter. Royce & Associates LP boosted its position in American Axle & Manufacturing Holdings by 45.1% in the second quarter. Royce & Associates LP now owns 950,145 shares of the auto parts company’s stock worth $14,822,000 after buying an additional 295,400 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in American Axle & Manufacturing Holdings by 2.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 67,689 shares of the auto parts company’s stock worth $1,056,000 after buying an additional 1,363 shares during the last quarter.

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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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