NYSE:AXL

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

$7.48
+0.27 (+3.74%)
(As of 04/23/2024 ET)
Today's Range
$7.35
$7.51
50-Day Range
$6.52
$8.55
52-Week Range
$6.29
$9.55
Volume
1.75 million shs
Average Volume
1.16 million shs
Market Capitalization
$879.79 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.70

American Axle & Manufacturing MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.9% Upside
$7.70 Price Target
Short Interest
Healthy
2.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.12mentions of American Axle & Manufacturing in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
70.97%
From $0.31 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.23 out of 5 stars

Auto/Tires/Trucks Sector

63rd out of 81 stocks

Motor Vehicle Parts & Accessories Industry

27th out of 32 stocks

AXL stock logo

About American Axle & Manufacturing Stock (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides range of products, such as engine, transmission, driveline, and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It operates in North America, Asia, Europe, and South America. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.

AXL Stock Price History

AXL Stock News Headlines

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American Axle & Manufacturing Holdings Inc
American Axle & Manufacturing Holdings, Inc. (AXL)
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MRETF Martinrea International Inc.
AAM Names Aleksandra A. Miziolek to Board of Directors
AXL Apr 2024 7.000 call
AXL Mar 2024 6.000 call
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Company Calendar

Last Earnings
2/16/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Auto Parts & Equipment
CUSIP
02406110
Employees
19,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.70
High Stock Price Target
$10.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$-33,600,000.00
Pretax Margin
-0.40%

Debt

Sales & Book Value

Annual Sales
$6.08 billion
Cash Flow
$4.30 per share
Book Value
$5.17 per share

Miscellaneous

Free Float
113,896,000
Market Cap
$879.79 million
Optionable
Optionable
Beta
2.22
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Key Executives

  • Mr. David Charles Dauch (Age 59)
    Chairman & CEO
    Comp: $6.98M
  • Mr. Michael Joseph Lynch (Age 60)
    President & COO
    Comp: $2.11M
  • Mr. Christopher John May (Age 54)
    Executive VP & CFO
    Comp: $2.47M
  • Ms. Terri M. Kemp (Age 58)
    Senior Vice President of Human Resources & Sustainability
    Comp: $1.53M
  • Mr. Tolga I. Oal (Age 52)
    President of Driveline
    Comp: $1.21M
  • Mr. James G. Zaliwski (Age 52)
    Chief Accounting Officer
  • Mr. Donald E. Wright
    Chief Information Officer & VP
  • David H. Lim
    Head of Investor Relations
  • Mr. David Eugene Barnes (Age 65)
    Chief Compliance Officer & Corporate Secretary
  • Mr. Matthew Keats Paroly (Age 59)
    VP & General Counsel

AXL Stock Analysis - Frequently Asked Questions

Should I buy or sell American Axle & Manufacturing stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
View AXL analyst ratings
or view top-rated stocks.

What is American Axle & Manufacturing's stock price target for 2024?

5 Wall Street analysts have issued 12 month price objectives for American Axle & Manufacturing's stock. Their AXL share price targets range from $6.00 to $10.00. On average, they expect the company's stock price to reach $7.70 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for AXL
or view top-rated stocks among Wall Street analysts.

How have AXL shares performed in 2024?

American Axle & Manufacturing's stock was trading at $8.81 at the beginning of 2024. Since then, AXL stock has decreased by 15.0% and is now trading at $7.4850.
View the best growth stocks for 2024 here
.

Are investors shorting American Axle & Manufacturing?

American Axle & Manufacturing saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,800,000 shares, a drop of 69.3% from the March 15th total of 9,130,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is presently 1.5 days. Approximately 2.5% of the shares of the company are sold short.
View American Axle & Manufacturing's Short Interest
.

When is American Axle & Manufacturing's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our AXL earnings forecast
.

How can I listen to American Axle & Manufacturing's earnings call?

American Axle & Manufacturing will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9444230".

How were American Axle & Manufacturing's earnings last quarter?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) announced its quarterly earnings data on Friday, February, 16th. The auto parts company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The auto parts company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. American Axle & Manufacturing had a negative trailing twelve-month return on equity of 1.78% and a negative net margin of 0.55%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) EPS.

What ETFs hold American Axle & Manufacturing's stock?
What guidance has American Axle & Manufacturing issued on next quarter's earnings?

American Axle & Manufacturing updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.1 billion-$6.4 billion, compared to the consensus revenue estimate of $6.2 billion.

What is David C. Dauch's approval rating as American Axle & Manufacturing's CEO?

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.

What other stocks do shareholders of American Axle & Manufacturing own?

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).

Who are American Axle & Manufacturing's major shareholders?

American Axle & Manufacturing's stock is owned by a variety of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.06%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include David Eugene Barnes and Terri M Kemp.
View institutional ownership trends
.

How do I buy shares of American Axle & Manufacturing?

Shares of AXL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AXL) was last updated on 4/24/2024 by MarketBeat.com Staff

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