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RBC Capital Reaffirms Their Buy Rating on American Axle (AXL)

Tipranks - Thu Jan 15, 8:00PM CST

RBC Capital analyst Tom Narayan maintained a Buy rating on American Axle on January 13 and set a price target of $9.00. The company’s shares closed yesterday at $7.75.

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According to TipRanks, Narayan is a 4-star analyst with an average return of 8.2% and a 50.60% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Aptiv, and Stellantis.

American Axle has an analyst consensus of Hold, with a price target consensus of $7.53, which is a -2.84% downside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $10.50 price target.

Based on American Axle’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.51 billion and a net profit of $9.2 million. In comparison, last year the company earned a revenue of $1.5 billion and had a net profit of $10 million

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