In a report issued on November 2, Brian Johnson from Barclays maintained a Hold rating on American Axle (AXL), with a price target of $8.00. The company’s shares closed last Tuesday at $7.21.
According to TipRanks.com, Johnson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.8% and a 47.2% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Dana Holding, and BorgWarner.
American Axle has an analyst consensus of Moderate Buy, with a price target consensus of $9.63, representing a 35.6% upside. In a report issued on November 2, RBC Capital also maintained a Hold rating on the stock with a $8.00 price target.
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The company has a one-year high of $11.26 and a one-year low of $2.50. Currently, American Axle has an average volume of 1.89M.
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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, and Casting. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment manufactures axle shafts, ring and pinion gears, differential gears, transmission gears, and shafts and suspension components for original equipment manufacturers (OEMs), and Tier 1 automotive suppliers. The Casting segment produces thin wall castings and ductile iron castings, as well as differential cases, steering knuckles, control arms, and turbo charger housings for the light, commercial, and industrial markets. The company was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.
