In a report issued on May 6, Brian Johnson from Barclays maintained a Buy rating on American Axle (AXL), with a price target of $20. The company’s shares opened today at $12.39.
According to TipRanks.com, Johnson is a 2-star analyst with an average return of 0.6% and a 51.9% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Visteon Corp, and Meritor Inc.
Currently, the analyst consensus on American Axle is a Moderate Buy with an average price target of $19.25, implying a 55.4% upside from current levels. In a report issued on May 6, RBC Capital also maintained a Buy rating on the stock with a $17 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 1.85M.
Based on the recent corporate insider activity of 40 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.
