Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have earned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $20.00.

A number of brokerages recently weighed in on AXL. BidaskClub downgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday. Off Wall Street began coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They set a “buy” rating on the stock. CLSA began coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Deutsche Bank AG restated a “buy” rating and set a $22.00 price objective (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd.

Shares of American Axle & Manufacturing Holdings (NYSE AXL) traded up 0.41% during midday trading on Tuesday, hitting $14.69. 1,955,984 shares of the stock traded hands. The firm has a market capitalization of $1.63 billion, a PE ratio of 5.06 and a beta of 1.34. The company’s 50-day moving average is $15.41 and its 200 day moving average is $17.57. American Axle & Manufacturing Holdings has a 52 week low of $12.61 and a 52 week high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The firm’s revenue for the quarter was up 71.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Analysts anticipate that American Axle & Manufacturing Holdings will post $3.30 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of 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 in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of 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 in the last quarter. DnB Asset Management AS boosted its stake in shares of 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 in the last quarter. Quotient Investors LLC boosted its stake in shares of 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 in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of 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 in 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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