American Axle & Manufacturing Holdings PT Raised to $21.00 at RBC Capital (AXL)

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American Axle & Manufacturing Holdings (NYSE: AXL) had its price objective hosited by RBC Capital from $18.00 to $21.00 in a report released on Friday, StockRatingsNetwork.com reports. RBC Capital currently has an outperform rating on the stock.

American Axle & Manufacturing Holdings (NYSE: AXL) opened at 18.31 on Friday. American Axle & Manufacturing Holdings has a 52-week low of $9.11 and a 52-week high of $18.72. The stock’s 50-day moving average is currently $15.89. The company has a market cap of $1.370 billion and a price-to-earnings ratio of 4.28.

Other equities research analysts have also recently issued reports about the stock. Analysts at Merrill Lynch raised their price target on shares of American Axle & Manufacturing Holdings from $18.00 to $28.00 in a research note to investors on Tuesday, May 28th. Separately, analysts at Credit Suisse raised their price target on shares of American Axle & Manufacturing Holdings from $11.00 to $12.00 in a research note to investors on Tuesday, May 7th. They now have an underperform rating on the stock. Finally, analysts at Zacks upgraded shares of American Axle & Manufacturing Holdings from an underperform rating to a neutral rating in a research note to investors on Tuesday, May 7th. They now have a $16.00 price target on the stock.

Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $17.11.

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) 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.

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