Brokerage Firm Rating on American Axle & Manufacturing Holdings (AXL)

American Axle & Manufacturing Holdings (AXL) : The consensus on American Axle & Manufacturing Holdings (AXL) based on 11 analyst recommendation on the company stock is 2.55, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 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) : 10 Wall Street analysts covering American Axle & Manufacturing Holdings (AXL) believe that the average level the stock could reach for the short term is $20.1. The maximum price target given is $27 and the minimum target for short term is around $14, hence the standard deviation is calculated at $4.07.


Company shares have received an average consensus rating of Hold for the current week American Axle & Manufacturing Holdings (NYSE:AXL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.86 and $17.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.92, notching a gain of 1.13% for the day. The total traded volume was 672,923 . The stock had closed at $17.72 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Sofia John S, officer (VP Global Program Management) of American Axle & Manufacturing Holdings Inc, had unloaded 18,621 shares at an average price of $17.58 in a transaction dated on August 1, 2016. The total value of the transaction was worth $327,357.

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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