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American Axle & Manufacturing Holdings (NYSE:AXL) was downgraded by stock analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a report issued on Monday, Analyst Ratings Net reports.

AXL has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of American Axle & Manufacturing Holdings to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Deutsche Bank raised their price target on shares of American Axle & Manufacturing Holdings from $23.00 to $27.00 in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of American Axle & Manufacturing Holdings in a research note to investors on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has an average rating of “Hold” and an average price target of $20.45.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded down 1.30% on Monday, hitting $19.72. 294,905 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a 52 week low of $10.94 and a 52 week high of $21.41. The stock has a 50-day moving average of $19.77 and a 200-day moving average of $19.38. The company has a market cap of $1.490 billion and a P/E ratio of 3.98.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, November 1st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.16. The company had revenue of $820.80 million for the quarter, compared to the consensus estimate of $866.49 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that American Axle & Manufacturing Holdings will post $1.56 EPS for the current fiscal year.

American Axle & Manufacturing Holdings, Inc (NYSE:AXL) 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.

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