American Axle & Manufact. (AXL) PT Raised to $19.00

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American Axle & Manufact. (NYSE:AXL) had its target price lifted by equities research analysts at Royal Bank of Canada from $17.00 to $19.00 in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the auto parts company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 14.53% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. Barclays restated a “buy” rating and issued a $14.00 price objective on shares of American Axle & Manufact. in a report on Sunday, January 6th. Bank of America upgraded shares of American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price objective for the company in a report on Monday, November 5th. They noted that the move was a valuation call. B. Riley dropped their price objective on shares of American Axle & Manufact. from $12.00 to $10.00 and set a “sell” rating for the company in a report on Monday, November 5th. Finally, Deutsche Bank began coverage on shares of American Axle & Manufact. in a report on Thursday, December 13th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

Shares of American Axle & Manufact. stock traded down $0.24 on Tuesday, reaching $16.59. The company had a trading volume of 35,066 shares, compared to its average volume of 2,043,766. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.65. American Axle & Manufact. has a 52-week low of $10.13 and a 52-week high of $19.34. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.63.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Equities analysts expect that American Axle & Manufact. will post 3.28 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AXL. LSV Asset Management grew its holdings in American Axle & Manufact. by 110.9% during the 4th quarter. LSV Asset Management now owns 3,634,780 shares of the auto parts company’s stock worth $40,346,000 after acquiring an additional 1,910,943 shares in the last quarter. BlackRock Inc. grew its holdings in American Axle & Manufact. by 12.0% during the 3rd quarter. BlackRock Inc. now owns 16,201,045 shares of the auto parts company’s stock worth $282,547,000 after acquiring an additional 1,732,645 shares in the last quarter. Deutsche Bank AG grew its holdings in American Axle & Manufact. by 160.0% during the 3rd quarter. Deutsche Bank AG now owns 1,553,809 shares of the auto parts company’s stock worth $27,097,000 after acquiring an additional 956,173 shares in the last quarter. S&T Bank PA acquired a new position in American Axle & Manufact. during the 3rd quarter worth approximately $13,399,000. Finally, Smith Graham & Co. Investment Advisors LP acquired a new position in American Axle & Manufact. during the 3rd quarter worth approximately $9,172,000. Institutional investors own 98.64% of the company’s stock.

American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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