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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. There are currently 4 hold ratings and 1 buy rating 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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5 brokers have issued 1-year target prices for American Axle & Manufacturing's shares. Their AXL share price forecasts range from $8.00 to $13.00. On average, they anticipate the company's stock price to reach $10.20 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
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American Axle & Manufacturing's stock was trading at $7.82 on January 1st, 2023. Since then, AXL stock has decreased by 9.0% and is now trading at $7.12.
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American Axle & Manufacturing saw a decrease in short interest in May. As of May 15th, there was short interest totaling 3,590,000 shares, a decrease of 10.3% from the April 30th total of 4,000,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.2% 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, August 4th 2023.
View our AXL earnings forecast.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) issued its quarterly earnings data on Friday, May, 5th. The auto parts company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. The auto parts company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. American Axle & Manufacturing had a net margin of 0.99% and a trailing twelve-month return on equity of 8.88%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share.

ETFs with the largest weight of American Axle & Manufacturing (NYSE:AXL) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL), Pacer US Small Cap Cash Cows 100 ETF (CALF), Global X Autonomous & Electric Vehicles ETF (DRIV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Syntax Stratified SmallCap ETF (SSLY).

American Axle & Manufacturing issued an update on its FY 2023 earnings guidance on Sunday, May, 7th. The company provided 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 $6.07 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.67%), Dimensional Fund Advisors LP (5.53%), Barrow Hanley Mewhinney & Strauss LLC (4.94%), FMR LLC (4.07%), State Street Corp (3.86%) and LSV Asset Management (3.48%).
View institutional ownership trends.

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 $7.12.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $833.18 million and generates $5.80 billion in revenue each year. The auto parts company earns $64.30 million in net income (profit) each year or $0.48 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.