American Axle & Manufacturing Holdings Inc. (NYSE:AXL) shares saw unusually-strong trading volume on Thursday . Approximately 2,256,776 shares were traded during trading, an increase of 137% from the previous session’s volume of 950,501 shares.The stock last traded at $16.81 and had previously closed at $17.14.

Several analysts have commented on AXL shares. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, May 11th. Buckingham Research restated a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. Barclays PLC lifted 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. Bank of America Corp. cut shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Finally, Royal Bank Of Canada upgraded shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $17.00 to $16.00 in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.11.

The company has a market capitalization of $1.29 billion and a P/E ratio of 5.14. The company has a 50 day moving average of $17.22 and a 200 day moving average of $15.85.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that American Axle & Manufacturing Holdings Inc. will post $3.14 earnings per share for the current year.

In other news, VP John S. Sofia sold 18,621 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $17.56, for a total value of $326,984.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in American Axle & Manufacturing Holdings stock. Principal Financial Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings Inc. (NYSE:AXL) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 581,502 shares of the company’s stock after buying an additional 7,455 shares during the period. Principal Financial Group Inc. owned approximately 0.76% of American Axle & Manufacturing Holdings worth $11,014,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.