American Axle & Manufacturing H with ticker code (AXL) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 15 and 8.4 with a mean TP of 10.2. Given that the stocks previous close was at 10.72 this is indicating there is a potential downside of -4.9%. The day 50 moving average is 8.51 and the 200 moving average now moves to 8.42. The company has a market capitalisation of $1,272m. You can visit the company’s website by visiting: https://www.aam.com
The potential market cap would be $1,210m based on the market concensus.
American Axle & Manufacturing Holdings, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe. It operates through Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings was founded in 1994 and is headquartered in Detroit, Michigan.
