Why American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.91 on American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.14 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) stands at 5.25.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For American Axle & Manufacturing H, the PEG ratio for coming 3-5 years is 2.27.

Technical Analysis

The technical analysis highlights that American Axle & Manufacturing H current is trading $-0.02 points away or -0.10% from its 50-day moving average of $17.20. Further it is trading $1.34 or +8.43% away its 200-day moving average of $15.84.

The 52-week high of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was $23.00 while lowest point recorded in 52-week was $11.44. It implies if stock price makes a movement of over $-5.82, it will record a new 52-week high. In the case of +50.17% drop, it will touch a new 52-week low.

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