Barclays Maintains a Hold Rating on American Axle

By Jason Carr

In a report issued on November 4, Brian Johnson from Barclays maintained a Hold rating on American Axle (NYSE: AXL), with a price target of $17. The company’s shares closed yesterday at $13.79.

According to, Johnson is a 3-star analyst with an average return of 0.7% and a 59.3% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Tenneco Automotive, Delphi Automotive, and Johnson Controls.

Currently, the analyst consensus on American Axle is Hold and the average price target is $19.50, representing a 41.4% upside.

In a report issued on November 4, FBR Capital also reiterated a Hold rating on the stock with a $16 price target.

The company has a one year high of $22.98 and a one year low of $11.44. Currently, American Axle has an average volume of 1.19M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, John Sofia, the VP Global Program Management of AXL sold 18,621 shares for a total of $326,972.

American Axle & Manufacturing Holdings, Inc. operates as a supplier to the automotive industry. It operates through its subsidiaries, which are engaged in the manufacturing, engineering, designing and validation of driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover and commercial vehicles. The company’s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. American Axle & Manufacturing Holdings was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.