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Deutsche Bank issued a report on American Axle (NYSE:AXL), bumping down its price target to $20.00 today

In a report announced on 12/01/2016 Deutsche Bank bumped down the target of American Axle (NYSE:AXL) from $21.00 to $20.00 indicating a possible upside of 0.28%.

Just yesterday American Axle (NYSE:AXL) traded 4.82% higher at $15.66. AXL’s 50-day average is $16.24 and its two hundred day average is $16.43. With the last close down -0.10% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 1,557,171 shares of AXL changing hands over the typical 1,418,660

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American Axle (NYSE:AXL)

American Axle has a price-earnings ratio of 5.01 with a one year low of $11.44 and a one year high of $22.98 The company’s market cap is currently $0.

In addition to Deutsche Bank reporting its target price, a total of 12 brokers have issued a report on the stock. The consensus target price is $19.58 with 3 firms rating the stock a strong buy, 3 brokerages rating the stock a buy, six analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero analysts rating the company a sell.

Brief Synopsis About American Axle (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc. manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, electric drive systems and metal-formed products. It operates through the manufacture, engineer, design and validation of driveline systems and related components, and chassis modules for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles segment. It offers a disconnecting all-wheel drive system. Its technologies include PowerLite axles, PowerDense gears and PowerFilm lubricant for passenger car, light truck and AWD applications.

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