American Axle & Manufacturing Holdings’ (AXL) Underperform Rating Reaffirmed at FBR & Co

FBR & Co restated their underperform rating on shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in a research note issued to investors on Monday morning.

Other analysts have also issued reports about the company. Deutsche Bank AG raised American Axle & Manufacturing Holdings from a hold rating to a buy rating and decreased their price objective for the stock from $21.00 to $20.00 in a report on Thursday, December 1st. KeyCorp assumed coverage on American Axle & Manufacturing Holdings in a report on Monday, December 5th. They issued an equal weight rating for the company. Barclays PLC reissued a hold rating and set a $17.00 price objective on shares of American Axle & Manufacturing Holdings in a report on Tuesday, November 8th. Buckingham Research lowered American Axle & Manufacturing Holdings from a buy rating to a neutral rating in a report on Thursday, November 3rd. Finally, RBC Capital Markets raised American Axle & Manufacturing Holdings from a sector perform rating to an outperform rating and increased their price objective for the company from $16.00 to $23.00 in a report on Tuesday, December 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $19.63.

Analyst Recommendations for American Axle & Manufacturing Holdings (NYSE:AXL)

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded up 0.20% during mid-day trading on Monday, hitting $20.38. The stock had a trading volume of 118,905 shares. American Axle & Manufacturing Holdings has a 52 week low of $12.31 and a 52 week high of $21.25. The stock has a 50 day moving average price of $20.11 and a 200 day moving average price of $17.70. The firm has a market cap of $1.56 billion, a PE ratio of 6.66 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings results on Friday, February 10th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 54.01% and a net margin of 6.10%. The business had revenue of $946.50 million for the quarter, compared to the consensus estimate of $965.42 million. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts expect that American Axle & Manufacturing Holdings will post $3.23 EPS for the current fiscal year.

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In other American Axle & Manufacturing Holdings news, Director Peter David Lyons acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The shares were bought at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the transaction, the director now owns 16,361 shares of the company’s stock, valued at approximately $286,317.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Several large investors have recently modified their holdings of AXL. LSV Asset Management boosted its stake in American Axle & Manufacturing Holdings by 0.3% in the third quarter. LSV Asset Management now owns 1,406,402 shares of the company’s stock worth $24,218,000 after buying an additional 4,800 shares in the last quarter. SG Americas Securities LLC boosted its stake in American Axle & Manufacturing Holdings by 18.1% in the third quarter. SG Americas Securities LLC now owns 120,087 shares of the company’s stock worth $2,068,000 after buying an additional 18,442 shares in the last quarter. Foundry Partners LLC boosted its stake in American Axle & Manufacturing Holdings by 5.7% in the third quarter. Foundry Partners LLC now owns 772,742 shares of the company’s stock worth $13,307,000 after buying an additional 41,552 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American Axle & Manufacturing Holdings by 65.7% in the third quarter. JPMorgan Chase & Co. now owns 588,178 shares of the company’s stock worth $10,128,000 after buying an additional 233,291 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in American Axle & Manufacturing Holdings by 45.3% in the third quarter. United Services Automobile Association now owns 346,223 shares of the company’s stock worth $5,962,000 after buying an additional 107,900 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

5 Day Chart for NYSE:AXL

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