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 $11.46, close to its 52-week low of $11.26.
According to TipRanks.com, Johnson is a 3-star analyst with an average return of 2.7% and a 49.4% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Arvinmeritor, and Visteon Corp.
Currently, the analyst consensus on American Axle is a Moderate Buy with an average price target of $17, a 48.3% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $16 price target.
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The company has a one-year high of $19.63 and a one-year low of $11.26. Currently, American Axle has an average volume of 2M.
Based on the recent corporate insider activity of 34 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. operates as a supplier to the automotive industry. Though its subsidiaries, it manufactures, engineers, designs, and validates driveline and drivetrain systems and related components. It also offers chassis modules for light trucks, sport utility vehicles, passenger cars, crossover, and commercial vehicles.
