Analyst Price Target Update on American Axle & Manufacturing Holdings (NYSE:AXL)

American Axle & Manufacturing Holdings (NYSE:AXL): 10 analysts have set the short term price target of American Axle & Manufacturing Holdings (NYSE:AXL) at $20.55. The standard deviation of short term price target has been estimated at $4.8, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 28 and $14 respectively.

Many analysts have stated their opinion on the company shares. Northcoast Research initiates coverage on American Axle & Manufacturing Holdings (NYSE:AXL) The shares have been rated Neutral. The rating by the firm was issued on March 22, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The officer (VP Drvlne Bus Perf & Cost Mgmt), of American Axle & Manufacturing Holdings Inc, Lynch Michael Joseph had unloaded 5,531 shares at $15 per share in a transaction on May 23, 2016. The total value of transaction was $82,965. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

American Axle & Manufacturing Holdings (NYSE:AXL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.68 points or 4.13% at $15.78 with 1,328,773 shares getting traded. Post opening the session at $16.27, the shares hit an intraday low of $15.74 and an intraday high of $16.47 and the price was in this range throughout the day. The company has a market cap of $1,207 million and the number of outstanding shares have been calculated to be 76,496,803 shares. The 52-week high of American Axle & Manufacturing Holdings (NYSE:AXL) is $23 and the 52-week low is $11.44.

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.

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