In a report issued on January 4, Brian Johnson from Barclays maintained a Buy rating on American Axle (AXL), with a price target of $14. The company’s shares closed on Friday at $11.78.
According to TipRanks.com, Johnson is a 3-star analyst with an average return of 1.7% and a 47.8% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Visteon Corp, and Meritor Inc.
American Axle has an analyst consensus of Moderate Buy, with a price target consensus of $14.83.
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Based on American Axle’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.82 billion and net profit of $61.8 million. In comparison, last year the company had a net profit of $104 million.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
