American Axle Receives a Hold from KeyBanc

By Austin Angelo

In a report issued on September 13, Brett Hoselton from KeyBanc reiterated a Hold rating on American Axle (NYSE: AXL). The company’s shares closed on Friday at $16.17.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 18.6% and a 70.2% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

American Axle has an analyst consensus of Strong Buy, with a price target consensus of $18.50.

American Axle’s market cap is currently $1.8B and has a P/E ratio of 5.48. The company has a book value ratio of 1.3915.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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American Axle & Manufacturing Holdings, Inc. operates as a supplier to the automotive industry, which though its subsidiaries manufactures, engineers, designs, and validates driveline and drivetrain systems and related components. It also offers chassis modules for light trucks, sport utility vehicles, passenger cars, crossover, and commercial vehicles.