Off Wall Street Initiates Coverage on American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Investment analysts at Off Wall Street started coverage on shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in a research report issued on Thursday. The brokerage set a “buy” rating on the auto parts company’s stock.

AXL has been the topic of several other research reports. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 target price (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. ValuEngine cut American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Bank of America Corporation reiterated an “underperform” rating and set a $11.00 target price (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research report on Friday, June 16th. Finally, Guggenheim initiated coverage on American Axle & Manufacturing Holdings in a research report on Wednesday, June 21st. They set a “buy” rating and a $18.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.90.

American Axle & Manufacturing Holdings (AXL) opened at 16.90 on Thursday. The firm’s 50-day moving average price is $15.60 and its 200-day moving average price is $18.18. American Axle & Manufacturing Holdings has a 12 month low of $12.61 and a 12 month high of $21.25. The stock has a market cap of $1.88 billion, a P/E ratio of 5.17 and a beta of 1.35.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Zolmax and is the property of of Zolmax. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://zolmax.com/investing/off-wall-street-initiates-coverage-on-american-axle-manufacturing-holdings-inc-nyseaxl/1524935.html.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/off-wall-street-initiates-coverage-on-american-axle-manufacturing-holdings-inc-nyseaxl/1524935.html

A number of large investors have recently bought and sold shares of AXL. State of Alaska Department of Revenue raised its stake in American Axle & Manufacturing Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company’s stock worth $158,000 after buying an additional 170 shares during the last quarter. Quotient Investors LLC raised its stake in American Axle & Manufacturing Holdings by 5.8% in the first quarter. Quotient Investors LLC now owns 17,773 shares of the auto parts company’s stock worth $334,000 after buying an additional 973 shares during the last quarter. DnB Asset Management AS raised its stake in American Axle & Manufacturing Holdings by 84.3% in the first quarter. DnB Asset Management AS now owns 1,251,488 shares of the auto parts company’s stock worth $23,503,000 after buying an additional 572,315 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in American Axle & Manufacturing Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the auto parts company’s stock worth $586,000 after buying an additional 500 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in American Axle & Manufacturing Holdings by 17.3% in the first quarter. Bank of Montreal Can now owns 616,065 shares of the auto parts company’s stock worth $11,570,000 after buying an additional 90,731 shares during the last quarter.

American Axle & Manufacturing Holdings Company Profile

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.

Latest News

Bristol-Myers Squibb Company  Given News Sentiment Rating of 0.31
Bristol-Myers Squibb Company Given News Sentiment Rating of 0.31
CIT Group Inc   PT Raised to $54.00 at JMP Securities
CIT Group Inc PT Raised to $54.00 at JMP Securities
Off Wall Street Initiates Coverage on American Axle & Manufacturing Holdings, Inc.
Off Wall Street Initiates Coverage on American Axle & Manufacturing Holdings, Inc.
Brandywine Realty Trust  Earns Coverage Optimism Score of 0.31
Brandywine Realty Trust Earns Coverage Optimism Score of 0.31
Brown & Brown, Inc.  PT Raised to $46.00
Brown & Brown, Inc. PT Raised to $46.00
Xact Kapitalforvaltning AB Buys 1,199 Shares of Newmont Mining Corporation
Xact Kapitalforvaltning AB Buys 1,199 Shares of Newmont Mining Corporation


Leave a Reply

 
© 2006-2017 Zolmax.