American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a report released on Sunday. KeyCorp also issued estimates for American Axle & Manufacturing Holdings’ Q3 2017 earnings at $0.60 EPS and Q4 2017 earnings at $0.70 EPS.

Several other analysts have also weighed in on the company. ValuEngine lowered American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub lowered American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. 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. Finally, CLSA assumed coverage on American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They issued a “buy” rating and a $18.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and an average price target of $19.90.

Shares of American Axle & Manufacturing Holdings (NYSE AXL) opened at 16.17 on Friday. American Axle & Manufacturing Holdings has a 1-year low of $12.61 and a 1-year high of $21.25. The firm has a market cap of $1.80 billion, a P/E ratio of 5.57 and a beta of 1.33. The firm’s 50-day moving average is $14.56 and its 200-day moving average is $16.38.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. American Axle & Manufacturing Holdings’s revenue was up 71.4% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. On average, analysts anticipate that American Axle & Manufacturing Holdings will post $3.29 EPS for the current fiscal year.

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In other news, Director George Thanopoulos sold 125,000 shares of American Axle & Manufacturing Holdings stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the sale, the director now directly owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of American Axle & Manufacturing Holdings by 6.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock worth $123,000 after acquiring an additional 380 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of American Axle & Manufacturing Holdings in the first quarter worth approximately $124,000. CIBC Asset Management Inc acquired a new position in shares of American Axle & Manufacturing Holdings in the second quarter worth approximately $162,000. Miles Capital Inc. lifted its stake in shares of American Axle & Manufacturing Holdings by 0.3% in the first quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock worth $222,000 after acquiring an additional 31 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of American Axle & Manufacturing Holdings by 18.7% in the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares during the period.

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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