Today, the President Driveline of American Axle (AXL), Oal Tolga, bought shares of AXL for $29.28K.
In addition to Oal Tolga, 12 other AXL executives reported Buy trades in the last month. This recent transaction increases Oal Tolga I’s holding in the company by 2.98% to a total of $1.03 million.
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Based on American Axle’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.82 billion and quarterly net profit of $61.8 million. In comparison, last year the company earned revenue of $1.72 billion and had a net profit of $84.3 million. AXL’s market cap is $1.39B and the company has a P/E ratio of 3.50. Currently, American Axle has an average volume of 1.86M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $16.57, reflecting a 31.5% upside. Five different firms, including Wolfe Research and RBC Capital, currently also have a Buy rating on the stock.
The insider sentiment on American Axle has been positive according to 45 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
