TheStreet upgraded shares of American Axle & Manufacturing Holdings (NYSE:AXL) to a buy rating in a research report sent to investors on Thursday morning, AmericanBankingNews.com reports.
A number of other firms have also recently commented on AXL. Analysts at Ned Davis Research downgraded shares of American Axle & Manufacturing Holdings from a buy rating to a neutral rating in a research note to investors on Monday, December 30th. Separately, analysts at Deutsche Bank raised their price target on shares of American Axle & Manufacturing Holdings from $23.00 to $27.00 in a research note to investors on Friday, December 13th. They now have a buy rating on the stock. Finally, analysts at Deutsche Bank reiterated a positive rating on shares of American Axle & Manufacturing Holdings in a research note to investors on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $20.45.
American Axle & Manufacturing Holdings (NYSE:AXL) traded up 0.15% during mid-day trading on Thursday, hitting $20.03. 62,850 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a one year low of $10.94 and a one year high of $21.41. The stock’s 50-day moving average is $19.74 and its 200-day moving average is $19.36. The company has a market cap of $1.514 billion and a price-to-earnings ratio of 3.98.
American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.57 by $0.16. The company had revenue of $820.80 million for the quarter, compared to the consensus estimate of $866.49 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that American Axle & Manufacturing Holdings will post $1.56 EPS for the current fiscal year.
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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