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

AXL has been the subject of several research analyst reports. Zacks Investment Research raised shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, May 11th. Bank of America Corp. lowered 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 dropped their price target for the stock from $17.00 to $16.00 in a research report on Wednesday, June 29th. They noted that the move was a valuation call. RBC Capital Markets lowered shares of American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and upped 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. Finally, Barclays PLC upped 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. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.11.

The stock has a market capitalization of $1.33 billion and a price-to-earnings ratio of 5.32. The firm’s 50-day moving average is $17.26 and its 200 day moving average is $15.86.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that American Axle & Manufacturing Holdings Inc. will post $3.14 EPS for the current fiscal year.

In related news, VP John S. Sofia sold 18,621 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in American Axle & Manufacturing Holdings stock. Principal Financial Group Inc. increased its stake in American Axle & Manufacturing Holdings Inc. (NYSE:AXL) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. 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 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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