Barclays analyst Brian Johnson maintained a Buy rating on American Axle (AXL) yesterday and set a price target of $15. The company’s shares closed yesterday at $14.18.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.2% and a 53.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Visteon Corp, and Meritor Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Axle with a $14.50 average price target.
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The company has a one-year high of $19.34 and a one-year low of $10.13. Currently, American Axle has an average volume of 2.51M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AXL in relation to earlier this year.
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American Axle & Manufacturing Holdings, Inc. engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline, Metal Forming, Powertrain, Casting, and Corporate.
