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Credit Suisse started coverage on shares of American Axle & Manufact. Holdings (NYSE:AXL) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Shares of American Axle & Manufact. Holdings (NYSE:AXL) traded up 1.53% on Wednesday, hitting $17.87. 863,047 shares of the company’s stock traded hands. American Axle & Manufact. Holdings has a one year low of $16.68 and a one year high of $21.48. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $18.67. The company has a market cap of $1.354 billion and a price-to-earnings ratio of 9.22.

American Axle & Manufact. Holdings (NYSE:AXL) last released its earnings data on Friday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.04. The company had revenue of $946.90 million for the quarter, compared to the consensus estimate of $992.32 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Analysts expect that American Axle & Manufact. Holdings will post $2.35 EPS for the current fiscal year.

AXL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of American Axle & Manufact. Holdings in a research note on Tuesday, August 5th. They now have a $19.00 price target on the stock. Separately, analysts at Buckingham Research cut their price target on shares of American Axle & Manufact. Holdings from $27.00 to $24.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of American Axle & Manufact. Holdings from $22.00 to $21.00 in a research note on Tuesday, August 5th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. American Axle & Manufact. Holdings has a consensus rating of “Hold” and a consensus price target of $23.12.

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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