American Axle & Manufacturing Holdings (AXL) Receives Price Target

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 9 rating analysts who initiate coverage on the stock is $19.44 and the possibility the share price can swing is $3.71.

American Axle & Manufacturing Holdings (AXL) : Zacks Investment Research ranks American Axle & Manufacturing Holdings (AXL) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.7, which indicates as a Hold.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on American Axle & Manufacturing Holdings (NYSE:AXL). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm raises the price target from $17 per share to $18 per share. The rating by the firm was issued on August 2, 2016.

American Axle & Manufacturing Holdings (NYSE:AXL): The stock opened at $17.18 on Thursday but the bulls could not build on the opening and the stock topped out at $17.50 for the day. The stock traded down to $16.78 during the day, due to lack of any buying support eventually closed down at $16.81 with a loss of -1.93% for the day. The stock had closed at $17.14 on the previous day. The total traded volume was 2,256,376 shares.

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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