NEW YORK, NY / ACCESSWIRE / June 2, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), a supplier to the automotive industry. Specifically, the company manufactures, engineers, designs, and validates driveline / drivetrain systems and related components for passenger vehicles. Driveline and drivetrain systems are primarily responsible for transferring power from a vehicle's transmission to its drive wheels.
On April 6, 2017, AXL completed its acquisition of Metaldyne Performance Group (originally announced in November 2016). The combined entity will have a strong position in powertrain, drivetrain, and driveline. In addition to building out legacy product lines, the acquisition should grow AXL's exposure to the commercial and industrial markets. Another benefit of the merger is a more diversified customer base.
Get the acquisition details, analysts target price and Q1 financial review in this report - READ MORE.
Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/.
The company's primary customer is GM, which uses AXL as the sole-source supplier for certain axles and drivelines in some vehicles. The company also supplies driveline system products to FCA US LLC (FCA) for full-size RAM pickup trucks, all-wheel drive Jeep Cherokees, and certain passenger cars. Sales to FCA accounted for approximately 18 percent of net sales in 2016. In addition to GM and FCA, AXL's customers include Nissan, Mercedes-Benz, Volkswagen, Audi, Jaguar Land Rover, Honda, Ford, PACCAR, Daimler Truck, Volvo, Harley-Davidson, and other manufacturers.
AXL's acquisition of Metaldyne addressed many of the company's underlying issues. American Axle stock currently trades at a multiple of 4 to 4.5 times earnings based upon both trailing and projected earnings, creating a potential value investment.
Our full report discusses the pro forma impact of the Metaldyne acquisition - READ MORE.
Copy and paste to your browser may be required to view the report - http://tradersnewssource.com/american-axle/.
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SOURCE: Traders News Source