American Axle & Manufacturing Holdings, Inc. (AXL) Downgraded by BidaskClub

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday, August 5th.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Bank of America Corporation reaffirmed an “underperform” rating and set a $11.00 price objective (down from $16.00) on shares of American Axle & Manufacturing Holdings in a report on Friday, June 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 price objective (down from $24.00) on shares of American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of American Axle & Manufacturing Holdings in a report on Monday, May 15th. Finally, Guggenheim began coverage on shares of American Axle & Manufacturing Holdings in a report on Wednesday, June 21st. They set a “buy” rating and a $18.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.90.

Shares of American Axle & Manufacturing Holdings (AXL) traded down 0.21% on Friday, reaching $13.99. 1,353,409 shares of the company traded hands. American Axle & Manufacturing Holdings has a one year low of $12.61 and a one year high of $21.25. The firm has a 50-day moving average price of $15.31 and a 200 day moving average price of $17.15. The company has a market capitalization of $1.56 billion, a PE ratio of 4.82 and a beta of 1.34.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.90 EPS. American Axle & Manufacturing Holdings’s revenue was up 71.4% compared to the same quarter last year. Equities analysts forecast that American Axle & Manufacturing Holdings will post $3.29 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 1.2% in the second quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock valued at $168,853,000 after buying an additional 133,030 shares in the last quarter. BlackRock Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 4.2% in the second quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock valued at $157,338,000 after buying an additional 407,526 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufacturing Holdings by 41.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,654,109 shares of the auto parts company’s stock valued at $88,203,000 after buying an additional 1,649,847 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of American Axle & Manufacturing Holdings by 1.9% in the second quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock valued at $49,778,000 after buying an additional 58,360 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of American Axle & Manufacturing Holdings by 125.7% in the second quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock valued at $44,061,000 after buying an additional 1,572,958 shares in the last quarter.

About American Axle & Manufacturing Holdings

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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