Analyst Rating Update on American Axle & Manufacturing Holdings (AXL)

American Axle & Manufacturing Holdings (NYSE:AXL) has an average broker rating of 2.55, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 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 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

American Axle & Manufacturing Holdings (NYSE:AXL) : The highest level American Axle & Manufacturing Holdings (NYSE: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.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of American Axle & Manufacturing Holdings (NYSE:AXL). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 21, 2016.

American Axle & Manufacturing Holdings (NYSE:AXL): stock turned positive on Tuesday. Though the stock opened at $13.93, the bulls momentum made the stock top out at $14.04 level for the day. The stock recorded a low of $13.6 and closed the trading day at $13.77, in the green by 0.07%. The total traded volume for the day was 2,126,260. The stock had closed at $13.76 in the previous days trading.

In an insider trading activity, Lynch Michael Joseph, officer (VP Drvlne Bus Perf & Cost Mgmt) of American Axle & Manufacturing Holdings Inc, unloaded 5,531 shares at an average price of $15 on May 23, 2016. The total amount of the transaction was worth $82,965, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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