In a report released today, John Murphy from Bank of America Securities maintained a Sell rating on American Axle (AXL – Research Report), with a price target of $4.50. The company’s shares closed last Friday at $4.14.
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According to TipRanks, Murphy is a 5-star analyst with an average return of 7.4% and a 57.03% success rate. Murphy covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, General Motors, and Group 1 Automotive.
Currently, the analyst consensus on American Axle is a Hold with an average price target of $5.08.
Based on American Axle’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.41 billion and a net profit of $7.1 million. In comparison, last year the company earned a revenue of $1.61 billion and had a net profit of $20.5 million
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