KeyCorp 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 KeyCorp in a research note issued to investors on Sunday. KeyCorp also issued estimates for American Axle & Manufacturing Holdings’ Q3 2017 earnings at $0.60 EPS and Q4 2017 earnings at $0.70 EPS.

A number of other research firms have also issued reports on AXL. Zacks Investment Research raised shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. CLSA began coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They set a “buy” rating and a $18.00 target price for the company. ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Off Wall Street began coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. American Axle & Manufacturing Holdings currently has a consensus rating of “Hold” and a consensus price target of $19.90.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) opened at 16.17 on Friday. American Axle & Manufacturing Holdings has a 52 week low of $12.61 and a 52 week high of $21.25. The firm has a market cap of $1.80 billion, a P/E ratio of 5.57 and a beta of 1.33. The stock’s 50 day moving average is $14.56 and its 200 day moving average is $16.38.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was up 71.4% on a year-over-year basis. On average, equities research analysts predict that American Axle & Manufacturing Holdings will post $3.29 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Equities Focus and is the sole property of of Equities Focus. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.equitiesfocus.com/2017/09/17/keycorp-reiterates-hold-rating-for-american-axle-manufacturing-holdings-inc-axl.html.

In other news, Director George Thanopoulos sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the sale, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Several large investors have recently modified their holdings of AXL. Ameritas Investment Partners Inc. lifted its stake in shares of American Axle & Manufacturing Holdings by 7.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of American Axle & Manufacturing Holdings by 13.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of American Axle & Manufacturing Holdings in the 2nd quarter worth approximately $162,000. Amalgamated Bank lifted its stake in shares of American Axle & Manufacturing Holdings by 18.7% in the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares during the period. Finally, Miles Capital Inc. lifted its stake in shares of American Axle & Manufacturing Holdings by 0.3% in the 1st quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock worth $222,000 after acquiring an additional 31 shares during the period.

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.

Analyst Recommendations for American Axle & Manufacturing Holdings (NYSE:AXL)

Receive News & Ratings for American Axle & Manufacturing Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply