Morgan Stanley Lowers American Axle & Manufact. (AXL) to Buy

Morgan Stanley lowered shares of American Axle & Manufact. (NYSE:AXL) to a buy rating in a research note released on Friday morning. Morgan Stanley currently has $20.00 price objective on the auto parts company’s stock.

Several other research analysts have also commented on the stock. Susquehanna Bancshares set a $17.00 price objective on shares of American Axle & Manufact. and gave the company a hold rating in a research note on Wednesday, March 14th. Guggenheim reissued a buy rating and issued a $21.00 price objective on shares of American Axle & Manufact. in a research note on Friday, February 23rd. ValuEngine lowered shares of American Axle & Manufact. from a buy rating to a hold rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued a buy rating and issued a $25.00 price objective on shares of American Axle & Manufact. in a research note on Sunday, January 21st. Finally, Zacks Investment Research lowered shares of American Axle & Manufact. from a strong-buy rating to a hold rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $19.89.

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Shares of American Axle & Manufact. (AXL) opened at $14.85 on Friday. American Axle & Manufact. has a 12-month low of $13.38 and a 12-month high of $20.27. The firm has a market cap of $1,652.79, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.45. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.28 and a current ratio of 1.60.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.13. American Axle & Manufact. had a net margin of 5.38% and a return on equity of 32.04%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 83.2% on a year-over-year basis. equities research analysts anticipate that American Axle & Manufact. will post 3.57 EPS for the current year.

In related news, Director George Thanopoulos sold 171,164 shares of American Axle & Manufact. stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $15.52, for a total value of $2,656,465.28. Following the completion of the transaction, the director now owns 181,812 shares in the company, valued at $2,821,722.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alberto L. Satine sold 25,349 shares of American Axle & Manufact. stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $15.01, for a total transaction of $380,488.49. The disclosure for this sale can be found here. Insiders sold 329,751 shares of company stock valued at $5,138,985 in the last quarter. 0.96% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AXL. Advisors Preferred LLC lifted its stake in American Axle & Manufact. by 1,415.1% in the fourth quarter. Advisors Preferred LLC now owns 6,318 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 5,901 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Axle & Manufact. by 128.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,657 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 3,740 shares during the last quarter. Cerebellum GP LLC purchased a new position in American Axle & Manufact. in the fourth quarter worth approximately $126,000. Victory Capital Management Inc. lifted its stake in American Axle & Manufact. by 76.9% in the third 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 last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in American Axle & Manufact. in the fourth quarter worth approximately $193,000.

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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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