American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has a mean price target of $19.82 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.70 a share for the very next quarter and $3.14 for this year.
The technical study of American Axle & Manufacturing H demonstrates that the 50-day moving average of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) stock is $17.28, and is trading $-0.80 points away or -4.64% from 50-day moving average of $17.28. It is trading $0.50 or +3.15% away 200-day moving average of $15.98.
The 52-week high of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was $23.00 while $11.44 is the low mark in the same period. It state American Axle & Manufacturing H share price has to surge more than $-6.52 to hit 52-week high or drop +44.06% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of American Axle & Manufacturing H, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) ratio came in at 5.04, after dividing current equity price by yearly earnings. American Axle & Manufacturing H stock recorded a close of $16.48 in last trading session, registering a market cap of $1.26B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) PEG ratio is at 2.20.
1 Chart Pattern Every Investor Should Know
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