Dallas, Texas 04/15/2014 (FINANCIALSTRENDS) – American Axle &Manufact. Holdings, Inc.(NYSE:AXL) has received coverage by analysts with the consensus reaffirming their rating. The target price for this stock is fixed at $22.0 price target, which is way below the previous price target of $27.0.
American Axle &Manufact. Holdings, Inc.(NYSE:AXL) has been trading high following the coverage it received. Recently, the stock had a 50-day moving average which is $18.85 over its 200-day average of $19.16.
American Axle &Manufact. Holdings, Inc.(NYSE:AXL) has also reported its financial results in February this year. Based on these result other equity research analysts have issued reports on the stock. For Guggenheim this stock is holds a price target of $18, which is higher than its previous price target of $17, in the last week of March. However, the analyst has offered a neutral rating on this stock.
Other analysts covering this stock include Ned Davis Research, who have downgraded the shares of American Axle.
American Axle &Manufact. Holdings, Inc.(NYSE:AXL) currently holds a consensus rating of HOLD, while the consensus target pricing is $20.60.
For the engineering and manufacturing major, the drivetrain sysems as well as chassis modules, light trucks, besides sport utility vehicles and passenger cars are part of service portfolio. The company also works on various aspects of sports utility vehicles, crossover vehicles as well as a wide range of commercial vehicles.
American Axle &Manufact. Holdings, Inc.(NYSE:AXL) also operates as a supplier and offers a wide-range of driveline systems products such as Chrysler Group where sales are in the region of 8% plus, for the total revenue. Additionally, for GM and Chrysler, AAM supplies driveline systems as well as other related components which are related to Volkswagen AG as well as Audi AG. It is also one of the Tier I supplier companies.
Currently, its competitors are Dana Holding Corporation, GKN plc as well as Magna International Inc.