B.Riley FBR analyst Christopher Van Horn maintained a Sell rating on American Axle (AXL) on May 3 and set a price target of $10. The company’s shares opened today at $13.06.
Van Horn observed:
“We think the risk remains that some of these timing challenges as well as past operational items could continue through the second quarter and affect full year estimates.”
According to TipRanks.com, Horn is a 3-star analyst with an average return of 2.7% and a 50.8% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Methode Electronics, and Hickok Incorporated.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Axle with a $18 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 1.81M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
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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.
