American Axle & Manufact. (AXL) Earns “Buy” Rating from Royal Bank of Canada

American Axle & Manufact. (NYSE:AXL)‘s stock had its “buy” rating restated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Sunday. They presently have a $25.00 target price on the auto parts company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 31.65% from the stock’s previous close.

Several other research analysts have also recently issued reports on AXL. B. Riley reissued a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Zacks Investment Research cut American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine raised American Axle & Manufact. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Bank of America increased their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $16.00 price target (up previously from $11.00) on shares of American Axle & Manufact. in a research note on Tuesday, December 5th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. American Axle & Manufact. presently has an average rating of “Hold” and an average price target of $19.89.

American Axle & Manufact. (NYSE:AXL) traded down $0.06 during trading hours on Friday, hitting $18.99. The stock had a trading volume of 1,556,715 shares, compared to its average volume of 2,160,000. American Axle & Manufact. has a 12 month low of $13.38 and a 12 month high of $21.25. The company has a market capitalization of $2,110.00, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.68 and a beta of 1.36. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 71.2% compared to the same quarter last year. equities analysts expect that American Axle & Manufact. will post 3.6 EPS for the current fiscal year.

In other news, Director George Thanopoulos sold 100,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00. Following the completion of the sale, the director now owns 299,013 shares in the company, valued at $5,146,013.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder American Securities Llc sold 15,000,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,604,931 shares of company stock valued at $271,156,687. Insiders own 0.96% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of American Axle & Manufact. by 13.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 895 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of American Axle & Manufact. by 76.9% during the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after purchasing an additional 4,238 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of American Axle & Manufact. by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of American Axle & Manufact. during the third quarter valued at $223,000.

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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.

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

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