American Axle & Manufact. Holdings Price Target Increased to $33.60 by Analysts at ISI Group (AXL)
Investment analysts at ISI Group lifted their price objective on shares of American Axle & Manufact. Holdings (NYSE:AXL) from $7.30 to $33.60 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. ISI Group’s target price would indicate a potential upside of 75.46% from the company’s current price.
American Axle & Manufact. Holdings (NYSE:AXL) traded up 2.82% during mid-day trading on Tuesday, hitting $19.69. 770,747 shares of the company’s stock traded hands. American Axle & Manufact. Holdings has a 52-week low of $17.05 and a 52-week high of $21.48. The stock has a 50-day moving average of $19.18 and a 200-day moving average of $18.88. The company has a market cap of $1.490 billion and a price-to-earnings ratio of 12.21.
American Axle & Manufact. Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. The company had revenue of $858.80 million for the quarter, compared to the consensus estimate of $853.00 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that American Axle & Manufact. Holdings will post $2.45 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AXL. Analysts at JPMorgan Chase & Co. upgraded shares of American Axle & Manufact. Holdings from an “underweight” rating to a “neutral” rating in a research note on Tuesday. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Barclays raised their price target on shares of American Axle & Manufact. Holdings from $18.00 to $20.00 in a research note on Monday, July 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of American Axle & Manufact. Holdings in a research note on Wednesday, May 7th. They now have a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. American Axle & Manufact. Holdings presently has a consensus rating of “Hold” and a consensus target price of $22.29.
American Axle & Manufacturing Holdings, Inc (NYSE:AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.
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