American Axle & Manufacturing Holdings, Inc. (AXL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.00.

AXL has been the topic of several research reports. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $23.00 price objective on shares of American Axle & Manufacturing Holdings in a report on Monday, May 8th. Off Wall Street initiated coverage on shares of American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They issued a “buy” rating on the stock. BidaskClub upgraded shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Finally, ValuEngine downgraded shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd.

Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in American Axle & Manufacturing Holdings during the second quarter valued at approximately $354,000. Public Employees Retirement System of Ohio increased its position in American Axle & Manufacturing Holdings by 13.7% in 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 buying an additional 895 shares during the period. Piedmont Investment Advisors LLC acquired a new position in American Axle & Manufacturing Holdings during the second quarter valued at approximately $281,000. Kalos Management Inc. increased its position in American Axle & Manufacturing Holdings by 22.5% in the second quarter. Kalos Management Inc. now owns 19,147 shares of the auto parts company’s stock valued at $298,000 after buying an additional 3,516 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in American Axle & Manufacturing Holdings by 7.6% in the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after buying an additional 503 shares during the period.

American Axle & Manufacturing Holdings (AXL) traded up 4.86% during mid-day trading on Friday, reaching $15.32. 2,341,857 shares of the company’s stock traded hands. The firm has a 50 day moving average of $14.82 and a 200 day moving average of $16.70. The firm has a market cap of $1.70 billion, a PE ratio of 5.28 and a beta of 1.33. American Axle & Manufacturing Holdings has a 1-year low of $12.61 and a 1-year high of $21.25.

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

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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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