American Axle & Manufacturing (AXL) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AXL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AXL, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 12-month price targets for American Axle & Manufacturing's shares. Their AXL share price forecasts range from $8.00 to $9.00. On average, they predict the company's stock price to reach $8.67 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
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American Axle & Manufacturing's stock was trading at $7.82 at the beginning of 2023. Since then, AXL stock has decreased by 6.4% and is now trading at $7.32.
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American Axle & Manufacturing saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,880,000 shares, an increase of 35.8% from the August 31st total of 2,120,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.6% of the company's stock are short sold.
View American Axle & Manufacturing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our AXL earnings forecast.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) posted its quarterly earnings results on Friday, August, 4th. The auto parts company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The auto parts company earned $1.57 billion during the quarter, compared to analysts' expectations of $1.59 billion. American Axle & Manufacturing had a trailing twelve-month return on equity of 6.07% and a net margin of 0.72%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS.

ETFs with the largest weight of American Axle & Manufacturing (NYSE:AXL) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM), SPDR S&P Kensho Smart Mobility ETF (HAIL), Global X Autonomous & Electric Vehicles ETF (DRIV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

American Axle & Manufacturing issued an update on its FY 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.95 billion-$6.25 billion, compared to the consensus revenue estimate of $6.13 billion.

136 employees have rated American Axle & Manufacturing Chief Executive Officer David C. Dauch on Glassdoor.com. David C. Dauch has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other American Axle & Manufacturing investors own include Micron Technology (MU), General Electric (GE), Ford Motor (F), Gilead Sciences (GILD), Broadcom (AVGO), Alibaba Group (BABA), Freeport-McMoRan (FCX), Intel (INTC), Delta Air Lines (DAL) and Advanced Micro Devices (AMD).

American Axle & Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXL."

American Axle & Manufacturing's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.61%), Dimensional Fund Advisors LP (5.72%), State Street Corp (3.85%), LSV Asset Management (3.40%), Charles Schwab Investment Management Inc. (2.30%) and Goldman Sachs Group Inc. (2.15%). Insiders that own company stock include David Eugene Barnes and Terri M Kemp.
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Shares of AXL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AXL stock can currently be purchased for approximately $7.32.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $856.86 million and generates $5.99 billion in revenue each year. The auto parts company earns $64.30 million in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 19,000 workers across the globe.

American Axle & Manufacturing's mailing address is ONE DAUCH DRIVE, DETROIT MI, 48211. The official website for the company is www.aam.com. The auto parts company can be reached via phone at (313) 758-2000, via email at investorresources@arcosa.com, or via fax at 313-974-3090.