Weekly Investment Analysts’ Ratings Updates for American Axle & Manufacturing Holdings (AXL)

A number of research firms have changed their ratings and price targets for American Axle & Manufacturing Holdings (NYSE: AXL):

  • 11/8/2017 – American Axle & Manufacturing Holdings had its “sell” rating reaffirmed by analysts at B. Riley.
  • 11/6/2017 – American Axle & Manufacturing Holdings had its price target raised by analysts at Bank of America Corporation from $12.00 to $13.00. They now have an “underperform” rating on the stock.
  • 11/3/2017 – American Axle & Manufacturing Holdings had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $23.00 price target on the stock.
  • 11/1/2017 – American Axle & Manufacturing Holdings had its “sell” rating reaffirmed by analysts at B. Riley.
  • 10/24/2017 – American Axle & Manufacturing Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Zacks Consensus Estimate for American Axle’s quarterly earnings has remained unchanged over the past seven days. The company is anticipated to achieve record sales and profits this year. Also, the company’s efforts at diversifying its customer base are generating incremental revenues. Moreover, American Axle is undergoing significant expansion of its manufacturing footprint, particularly in Asia, where growing demand for vehicles is enhancing production volumes. However, the company is facing pressure from Original Equipment Manufacturers to lower product prices, which is hampering its financial condition. Also, its high dependence on few automakers makes it vulnerable to production cuts by these companies. Also in the last six months, its shares have underperformed the industry it belongs to.”
  • 10/16/2017 – American Axle & Manufacturing Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $20.00 price target on the stock. According to Zacks, “Zacks Consensus Estimate for American Axle’s quarterly earnings has remained unchanged over the past one month. The company is anticipated to achieve record sales and profits this year. Also, the company’s efforts at diversifying its customer base are generating incremental revenues. Moreover, American Axle is undergoing significant expansion of its manufacturing footprint, particularly in Asia, where growing demand for vehicles is enhancing production volumes. However, the company is facing pressure from Original Equipment Manufacturers to lower product prices, which is hampering its financial condition. Also, its high dependence on few automakers makes it vulnerable to production cuts by these companies. Also in the last six months, its shares have underperformed the industry it belongs to.”
  • 9/26/2017 – American Axle & Manufacturing Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/17/2017 – American Axle & Manufacturing Holdings had its “hold” rating reaffirmed by analysts at KeyCorp.

American Axle & Manufacturing Holdings, Inc. (AXL) traded down $0.01 on Tuesday, reaching $17.44. The company had a trading volume of 3,104,300 shares, compared to its average volume of 1,746,282. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $13.38 and a 1 year high of $21.25. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90. The firm has a market cap of $1,940.00, a price-to-earnings ratio of 4.77, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a return on equity of 36.26% and a net margin of 5.07%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $0.78 EPS. American Axle & Manufacturing Holdings’s revenue was up 71.2% on a year-over-year basis. research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 3.5 earnings per share for the current year.

In other American Axle & Manufacturing Holdings news, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.37, for a total value of $260,550,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George Thanopoulos sold 125,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the sale, the director now directly owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The disclosure for this sale can be found here. Insiders sold a total of 15,248,901 shares of company stock worth $264,305,850 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

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.

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