Citigroup Downgrades American Axle & Manufact. Holdings to Neutral

Brokerage firm Citigroup Downgrades its rating on American Axle & Manufact. Holdings(AXL). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Citigroup was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 20, 2016, RBC Capital said it Upgrades its rating on American Axle & Manufact. Holdings. According to the research note, RBC Capital Raises the price target to $23 per share from a prior target of $16. The shares have been rated ‘Outperform’ by the firm.

American Axle & Manufact. Holdings (AXL) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.49% at a volume of 7,03,361. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.66. The peak price level was also seen at $20.66 while the days lowest was $20.29. Finally the shares closed at $20.49. The 52-week high of the shares is $21.2499 while the 52-week low is $12.61. According to the latest information available, the market cap of the company is $1,567 M.

American Axle & Manufact. Holdings(AXL) last announced its earnings results on Feb 10, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $946.500M. Analysts had an estimated revenue of $962.980M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2016, Peter David Lyons (director) purchased 5,000 shares at $17.50 per share price.Also, On Nov 15, 2016, David C Dauch (CEO) purchased 50,000 shares at $14.43 per share price.On Nov 10, 2016, Samuel Iii Valenti (director) purchased 10,000 shares at $13.44 per share price, according to the Form-4 filing with the securities and exchange commission.

American Axle & Manufacturing Holdings Inc. is an automotive supplier. The Company manufactures engineers designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks sport utility vehicles (SUVs) passenger cars crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline drivetrain and related products include axles driveheads chassis modules driveshafts power transfer units transfer cases chassis and steering components transmission parts electric drive systems and metal-formed products. The Company’s technologies include PowerLite axles PowerDense gears and PowerFilm lubricant for passenger car light truck and AWD applications. It operates in 13 countries and has 37 manufacturing engineering and business office facilities across the world.

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