American Axle & Manufacturing Holdings (NYSE:AXL) VP Alberto Satine sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.24, for a total transaction of $459,448.00. Following the transaction, the vice president now directly owns 37,663 shares in the company, valued at approximately $762,299. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “sell” rating on shares of American Axle & Manufacturing Holdings in a research note to investors on Monday, November 18th. They now have a $20.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of American Axle & Manufacturing Holdings from $10.00 to $17.00 in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of American Axle & Manufacturing Holdings from $25.00 to $22.00 in a research note to investors on Monday, November 4th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.18.
American Axle & Manufacturing Holdings (NYSE:AXL) traded down 1.63% on Wednesday, hitting $19.30. 141,785 shares of the company’s stock traded hands. American Axle & Manufacturing Holdings has a one year low of $10.12 and a one year high of $21.41. The stock’s 50-day moving average is $18.8 and its 200-day moving average is $19.10. The company has a market cap of $1.458 billion and a price-to-earnings ratio of 3.91.
American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts predict that American Axle & Manufacturing Holdings will post $1.56 earnings per share 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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