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RBC Capital Stick to Their Hold Rating for American Axle & Manufacturing

Published 05/09/2021, 09:49 PM
Updated 05/09/2021, 09:49 PM


RBC Capital analyst Joseph Spak maintained a Hold rating on American Axle (NYSE:AXL) & Manufacturing on Friday, setting a price target of $12, which is approximately 14.50% above the present share price of $10.48.

Spak expects American Axle & Manufacturing to post earnings per share (EPS) of $0.32 for the second quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Moderate Sell rating of shares in American Axle, with an average price target of $10.17.
The analysts price targets range from a high of $13 to a low of $7.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.44 billion and a net profit of $131.6 million. The company's market cap is $1.19 billion.

According to TipRanks.com, RBC Capital analyst Joseph Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.3% and a 59.39% success rate.

American Axle & Manufacturing Holdings, Inc. engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline, Metal Forming, and Casting. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment manufactures axle shafts, ring and pinion gears, differential gears, transmission gears, and shafts and suspension components for original equipment manufacturers (OEMs), and Tier 1 automotive suppliers. The Casting segment produces thin wall castings and ductile iron castings, as well as differential cases, steering knuckles, control arms, and turbo charger housings for the light, commercial, and industrial markets. The company was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.

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