American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)‘s stock had its “buy” rating restated by analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a $23.00 target price on the auto parts company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.44% from the company’s previous close.

A number of other equities research analysts have also issued reports on AXL. Off Wall Street began coverage on American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They issued a “buy” rating for the company. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a report on Sunday, September 17th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has an average rating of “Hold” and a consensus price target of $19.50.

American Axle & Manufacturing Holdings (NYSE AXL) traded up $1.13 on Friday, reaching $18.94. The company’s stock had a trading volume of 954,664 shares, compared to its average volume of 1,583,313. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.43 and a current ratio of 1.75. The company has a market capitalization of $2.01 billion, a PE ratio of 5.03, a P/E/G ratio of 0.68 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business earned $0.78 EPS. American Axle & Manufacturing Holdings’s quarterly revenue was up 71.2% on a year-over-year basis. research analysts expect 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 123,901 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15. Following the sale, the director now directly owns 876,745 shares in the company, valued at $13,282,686.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AXL. Advisors Preferred LLC purchased a new position in American Axle & Manufacturing Holdings in the first quarter valued at $104,000. Public Employees Retirement System of Ohio increased its holdings in 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 valued at $123,000 after buying an additional 380 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in American Axle & Manufacturing Holdings in the first quarter valued at $124,000. Catalyst Capital Advisors LLC purchased a new position in American Axle & Manufacturing Holdings in the third quarter valued at $139,000. Finally, Sei Investments Co. increased its holdings in American Axle & Manufacturing Holdings by 1,152.1% in the third quarter. Sei Investments Co. now owns 8,389 shares of the auto parts company’s stock valued at $144,000 after buying an additional 7,719 shares during the last quarter.

American Axle & Manufacturing Holdings Company Profile

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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