American Axle & Manufacturing Holdings (AXL) has an average broker rating of 2.45, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
American Axle & Manufacturing Holdings (AXL) : The highest level American Axle & Manufacturing Holdings (AXL) is projected to reach is $27 for the short term and the lowest estimate is at $14. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $19.8 and the possibility the share price can swing is $4.13.
American Axle & Manufacturing Holdings (NYSE:AXL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.22 and $14.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.51, notching a gain of 1.33% for the day. The total traded volume was 1,353,183 . The stock had closed at $14.32 on the previous day.
Also, Major Brokerage house, RBC Capital upgrades its ratings on American Axle & Manufacturing Holdings (NYSE:AXL). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -29.25% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $23.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.71 and the 200 Day Moving Average price is recorded at $15.28.
American Axle & Manufacturing Holdings, Inc. is an automotive supplier. The Company manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Companys technologies include PowerLite axles, PowerDense gears and PowerFilm lubricant for passenger car, light truck and AWD applications. It operates in 13 countries and has 37 manufacturing, engineering and business office facilities across the world.