American Axle & Manufact. (NYSE:AXL)‘s stock had its “underweight” rating reiterated by equities researchers at Morgan Stanley in a report issued on Tuesday, The Fly reports. They presently have a $16.00 target price on the auto parts company’s stock, up from their previous target price of $11.00. Morgan Stanley’s price target indicates a potential downside of 8.31% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. ValuEngine lowered American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 price objective on shares of American Axle & Manufact. in a report on Friday, November 3rd. Bank of America increased their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufact. in a report on Sunday, September 17th. Finally, Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.10.

Shares of American Axle & Manufact. (NYSE AXL) opened at $17.45 on Tuesday. The company has a market capitalization of $1,955.37, a PE ratio of 4.80, a PEG ratio of 0.60 and a beta of 1.35. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. American Axle & Manufact. has a 1 year low of $13.38 and a 1 year high of $21.25.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. American Axle & Manufact.’s revenue was up 71.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. research analysts forecast that American Axle & Manufact. will post 3.63 EPS for the current year.

In other American Axle & Manufact. news, major shareholder American Securities Llc sold 15,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.37, for a total value of $260,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the transaction, the director now owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,248,901 shares of company stock valued at $264,305,850. Corporate insiders own 0.96% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its stake in shares of American Axle & Manufact. by 7.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of American Axle & Manufact. by 13.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares during the period. CIBC Asset Management Inc bought a new position in shares of American Axle & Manufact. during the 2nd quarter worth approximately $162,000. Victory Capital Management Inc. boosted its stake in shares of American Axle & Manufact. by 76.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after acquiring an additional 4,238 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of American Axle & Manufact. by 18.7% during the 2nd 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.

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American Axle & Manufact. 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.

The Fly

Analyst Recommendations for American Axle & Manufact. (NYSE:AXL)

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