American Axle & Manufact. (AXL) Price Target Cut to $16.00 by Analysts at Royal Bank of Canada

American Axle & Manufact. (NYSE:AXL) had its price target cut by Royal Bank of Canada from $25.00 to $16.00 in a research report sent to investors on Monday. They currently have an outperform rating on the auto parts company’s stock.

A number of other equities research analysts have also recently weighed in on AXL. ValuEngine upgraded American Axle & Manufact. from a sell rating to a hold rating in a report on Monday, July 30th. Citigroup lowered their price target on American Axle & Manufact. from $23.00 to $22.00 and set a buy rating on the stock in a report on Friday, October 12th. TheStreet cut American Axle & Manufact. from a b- rating to a c+ rating in a report on Monday, October 29th. Bank of America upgraded American Axle & Manufact. from an underperform rating to a neutral rating and set a $13.00 price target on the stock in a report on Monday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded American Axle & Manufact. from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $17.10.

NYSE AXL opened at $12.47 on Monday. 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. has a 12-month low of $11.26 and a 12-month high of $19.63. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 3.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.53.

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.27). The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, equities research analysts forecast that American Axle & Manufact. will post 3.57 EPS for the current year.

In related news, insider Gregory Deveson bought 11,725 shares of the stock in a transaction on Wednesday, November 7th. The shares were purchased at an average price of $12.76 per share, for a total transaction of $149,611.00. Following the acquisition, the insider now owns 57,523 shares in the company, valued at $733,993.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David C. Dauch bought 88,100 shares of the stock in a transaction on Monday, November 5th. The shares were bought at an average price of $11.47 per share, for a total transaction of $1,010,507.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 111,325 shares of company stock worth $1,300,838. 0.96% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Advisors Preferred LLC grew its holdings in American Axle & Manufact. by 465.8% during the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock valued at $167,000 after buying an additional 8,840 shares during the last quarter. Brave Asset Management Inc. acquired a new stake in American Axle & Manufact. during the 2nd quarter valued at $170,000. Engineers Gate Manager LP acquired a new stake in American Axle & Manufact. during the 2nd quarter valued at $190,000. Hartford Investment Management Co. acquired a new stake in American Axle & Manufact. during the 2nd quarter valued at $193,000. Finally, Meeder Asset Management Inc. grew its holdings in American Axle & Manufact. by 215.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock valued at $240,000 after buying an additional 9,426 shares during the last quarter. Hedge funds and other 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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