American Axle & Manufacturing Holdings (AXL) : The consensus on American Axle & Manufacturing Holdings (AXL) based on 10 analyst recommendation on the company stock is 2.7, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
American Axle & Manufacturing Holdings (AXL) : The consensus price target for American Axle & Manufacturing Holdings (AXL) is $19.33 for the short term with a standard deviation of $3.64. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $27, however, the pessimist price target for the company is $14.
Also, Barclays maintains its rating on American Axle & Manufacturing Holdings (NYSE:AXL). The global brokerage major raises the current price target from $17 per share to $18 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 2, 2016.
American Axle & Manufacturing Holdings (NYSE:AXL): After opening at $16.32, the stock dipped to an intraday low of $16.22 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.605 and the buying power remained strong till the end. The stock closed at $16.58 for the day, a gain of 1.66% for the day session. The total traded volume was 817,802. The stocks close on the previous trading day was $16.31.
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.