American Axle & Manufacturing Holdings Inc. (NYSE:AXL) rose 3.9% during mid-day trading on Friday . The stock traded as high as $17.48 and last traded at $17.47, with a volume of 741,748 shares trading hands. The stock had previously closed at $16.81.

AXL has been the topic of several recent research reports. Buckingham Research reiterated a “buy” rating on shares of American Axle & Manufacturing Holdings in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, May 11th. Bank of America Corp. downgraded shares of American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada raised 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 report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, RBC Capital Markets downgraded shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $16.00 to $17.00 in a research report on Monday, August 1st. 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 stock. The stock has an average rating of “Hold” and an average target price of $19.11.

The company has a 50 day moving average of $17.22 and a 200 day moving average of $15.85. The company has a market capitalization of $1.33 billion and a price-to-earnings ratio of 5.32.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its earnings results on Friday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that American Axle & Manufacturing Holdings Inc. will post $3.14 earnings per share for the current fiscal year.

In other American Axle & Manufacturing Holdings news, VP John S. Sofia sold 18,621 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $17.56, for a total transaction of $326,984.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in American Axle & Manufacturing Holdings stock. Principal Financial Group Inc. raised its stake in American Axle & Manufacturing Holdings Inc. (NYSE:AXL) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

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.

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