In a report released today, Itay Michaeli from Citigroup maintained a Buy rating on American Axle (NYSE: AXL), with a price target of $23. The company’s shares closed yesterday at $14.90.
According to TipRanks.com, Michaeli is a 4-star analyst with an average return of 9.1% and a 59.1% success rate. Michaeli covers the Industrial Goods sector, focusing on stocks such as Magna International, Lear Corp, and Autoliv.
American Axle has an analyst consensus of Moderate Buy, with a price target consensus of $18.40.
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The company has a one-year high of $20.27 and a one-year low of $13.38. Currently, American Axle has an average volume of 2.44M.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.
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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.
