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In recent trading, shares of American Axle & Manufacturing Holdings Inc (symbol: AXL) traded at $9.35 per share, above the average analyst’s 12-month target price of $9.25. If the stock hits the target set by the analyst, logically he will respond in two ways. Lower your valuation or readjust your target price to a higher level. Analysts’ reactions may also depend on underlying business developments that may cause stock prices to rise. If things are looking up for the company, it’s probably time to raise its price target.
The American Axle & Manufacturing Holdings, Inc. average includes eight different analyst targets within Sachs’ coverage universe, but the average is the mathematical average.Looking for a price of $5.00 Some analysts have lower than average targets, including those with And on the other end of the spectrum, one analyst has her high $13.00 target. The standard deviation is $2.549 for him.
But the reason for looking at the whole average To begin with, AXL’s price target leverages the “wisdom of the crowd” effort by summing up the contributions of all individual minds that contributed to the final figure, contrary to what certain experts believe. That’s it. AXL surpassing his average target price of $9.25 per share gave a good signal that AXL investors should spend some new time evaluating the company and making their own judgments. rice field. taller than Or have valuations been stretched to the point where it’s time to consider removing some chips from the table? Below is a table showing the analyst’s current thoughts covering American Axle & Manufacturing Holdings Inc.
| A Breakdown of Recent AXL Analyst Ratings | ||||
|---|---|---|---|---|
| » | the current | 1 month ago | 2 months ago | 3 months ago |
| Strong Purchase Rating: | 1 | 1 | 1 | 1 |
| Purchase Rating: | 1 | 1 | 1 | 1 |
| Hold rating: | Five | Five | Five | Five |
| Sales Rating: | 0 | 0 | 0 | 0 |
| Strong Selling Rating: | 0 | 0 | 0 | 0 |
| Average rating: | 2.5 | 2.5 | 2.5 | 2.5 |
The average rating shown in the last row of the table above ranges from 1 to 5, where 1 is a strong buy and 5 is a strong sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AXL for free.
S&P 500 Top 25 Broker Analyst Picks »
See also
• Institutional holders of EAGL
• Top 10 hedge funds holding PRCH
– ENPH MACD
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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