Today, the VP & CFO of American Axle (AXL), Christopher John May, bought shares of AXL for $61.8K.
This recent transaction increases Christopher John May’s holding in the company by 7.37% to a total of $902.6K. In addition to Christopher John May, 4 other AXL executives reported Buy trades in the last month.
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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 $86.2 million. AXL’s market cap is $1.38B and the company has a P/E ratio of 3.47. Currently, American Axle has an average volume of 3.98M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $16.67, reflecting a 29.0% upside. Four different firms, including Barclays and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on American Axle has been positive according to 37 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. 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.
