Today, Barclays PLC Reiterates Hold Rating for American Axle & Manufacturing Holdings Inc. (AXL)

Today, Barclays PLC Reiterates Hold Rating for American Axle & Manufacturing Holdings Inc. (AXL)
American Axle & Manufacturing Holdings Inc. (NYSE:AXL)‘s stock had its “hold” rating reissued by equities researchers at Barclays PLC in a research note issued to investors on Tuesday. They presently have a $17.00 target price on the stock. Barclays PLC’s target price would suggest a potential upside of 6.38% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. FBR & Co cut American Axle & Manufacturing Holdings from a “market perform” rating to an “underperform” rating and cut their target price for the company from $16.00 to $12.00 in a research report on Monday, November 7th. Royal Bank Of Canada cut American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Monday, August 1st. RBC Capital Markets cut American Axle & Manufacturing Holdings from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. cut American Axle & Manufacturing Holdings from an “outperform” rating to an “underperform” rating in a research report on Friday, November 4th. Finally, Buckingham Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.38.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) traded down 0.37% on Tuesday, reaching $15.98. The company’s stock had a trading volume of 435,166 shares. American Axle & Manufacturing Holdings has a 52-week low of $11.44 and a 52-week high of $22.98. The stock has a market cap of $1.22 billion, a P/E ratio of 4.87 and a beta of 1.54. The firm’s 50 day moving average is $16.30 and its 200-day moving average is $16.43.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. American Axle & Manufacturing Holdings had a return on equity of 61.64% and a net margin of 6.48%. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that American Axle & Manufacturing Holdings will post $3.14 EPS for the current year.

In other news, Director Samuel Valenti III bought 10,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of $13.44 per share, for a total transaction of $134,400.00. Following the completion of the purchase, the director now directly owns 17,220 shares in the company, valued at approximately $231,436.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David C. Dauch bought 50,000 shares of the stock in a transaction on Monday, November 14th. The stock was purchased at an average price of $14.47 per share, for a total transaction of $723,500.00. The disclosure for this purchase can be found here. 0.91% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Foundry Partners LLC raised its stake in shares of American Axle & Manufacturing Holdings by 5.7% in the third quarter. Foundry Partners LLC now owns 772,742 shares of the company’s stock valued at $13,307,000 after buying an additional 41,552 shares during the last quarter. BlackRock Group LTD raised its stake in shares of American Axle & Manufacturing Holdings by 31.9% in the first quarter. BlackRock Group LTD now owns 118,832 shares of the company’s stock valued at $1,828,000 after buying an additional 28,764 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of American Axle & Manufacturing Holdings by 283.3% in the second quarter. Nordea Investment Management AB now owns 39,860 shares of the company’s stock valued at $577,000 after buying an additional 29,461 shares during the last quarter. Swiss National Bank raised its stake in shares of American Axle & Manufacturing Holdings by 5.1% in the second quarter. Swiss National Bank now owns 119,200 shares of the company’s stock valued at $1,726,000 after buying an additional 5,800 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of American Axle & Manufacturing Holdings by 6.0% in the second quarter. California Public Employees Retirement System now owns 253,300 shares of the company’s stock valued at $3,668,000 after buying an additional 14,400 shares during the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

About American Axle & Manufacturing Holdings

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