BidaskClub lowered shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.

AXL has been the topic of several other reports. Deutsche Bank AG restated a buy rating and set a $22.00 target price (down from $24.00) on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. Zacks Investment Research lowered American Axle & Manufacturing Holdings from a hold rating to a strong sell rating in a research note on Monday, July 10th. J P Morgan Chase & Co reiterated an overweight rating on shares of American Axle & Manufacturing Holdings in a research note on Monday, May 15th. ValuEngine lowered American Axle & Manufacturing Holdings from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Finally, Off Wall Street assumed coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a buy rating on the stock. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $19.90.

Shares of American Axle & Manufacturing Holdings (NYSE AXL) opened at 14.63 on Friday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 5.04 and a beta of 1.34. American Axle & Manufacturing Holdings has a 1-year low of $12.61 and a 1-year high of $21.25. The stock has a 50 day moving average price of $15.56 and a 200-day moving average price of $17.64.

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

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A number of large investors have recently added to or reduced their stakes in AXL. Bank of Montreal Can increased its stake in American Axle & Manufacturing Holdings by 17.3% in the first quarter. Bank of Montreal Can now owns 616,065 shares of the auto parts company’s stock worth $11,570,000 after buying an additional 90,731 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in American Axle & Manufacturing Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the auto parts company’s stock worth $586,000 after buying an additional 500 shares during the last quarter. DnB Asset Management AS increased its stake in American Axle & Manufacturing Holdings by 84.3% in the first quarter. DnB Asset Management AS now owns 1,251,488 shares of the auto parts company’s stock worth $23,503,000 after buying an additional 572,315 shares during the last quarter. Quotient Investors LLC increased its stake in American Axle & Manufacturing Holdings by 5.8% in the first quarter. Quotient Investors LLC now owns 17,773 shares of the auto parts company’s stock worth $334,000 after buying an additional 973 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock worth $158,000 after buying an additional 170 shares during the last quarter.

About American Axle & Manufacturing Holdings

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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