The recent downturn has taken American Axle & Manufact. Holdings, Inc. shares close to a medium term support level around 15.37 USD. The timing for a long trade in the stock appears good. Investors have an opportunity to buy the stock and target the $ 16.68.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 15.37 support.
Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
The company shows low valuation levels, with an enterprise value at 0.35 times its sales.
Its low valuation, with P/E ratio at 4.93 and 4.52 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The group usually releases earnings worse than estimated.
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