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BREAKING: Tiny biotech successfully treats blindness (Ad)
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
BREAKING: Tiny biotech successfully treats blindness (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
BREAKING: Tiny biotech successfully treats blindness (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
BREAKING: Tiny biotech successfully treats blindness (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
NYSE:AXL

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

$7.26
-0.10 (-1.36%)
(As of 09/29/2023 ET)
Compare
Today's Range
$7.22
$7.46
50-Day Range
$7.16
$9.51
52-Week Range
$6.61
$11.19
Volume
1.19 million shs
Average Volume
1.27 million shs
Market Capitalization
$849.86 million
P/E Ratio
20.17
Dividend Yield
N/A
Price Target
$9.00

American Axle & Manufacturing MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
24.0% Upside
$9.00 Price Target
Short Interest
Healthy
2.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.02mentions of American Axle & Manufacturing in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$320,000 Sold Last Quarter
Proj. Earnings Growth
97.22%
From $0.36 to $0.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Auto/Tires/Trucks Sector

43rd out of 96 stocks

Motor Vehicle Parts & Accessories Industry

20th out of 32 stocks


AXL stock logo

About American Axle & Manufacturing (NYSE:AXL) Stock

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 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 across Brazil, China, Czech Republic, England, France, Germany, India, Japan, Luxembourg, Mexico, Poland, Romina, Scotland, South Korea, Spain, Sweden, Thailand, and United States of America. The company was founded in 1994 and is headquartered in Detroit, Michigan.

AXL Price History

AXL Stock News Headlines

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The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
3 Buy Worthy Auto Stocks Under $15
Ruling AAP, BJP spar over firecracker ban
American Axle & Manufacturing (NYSE: AXL)
RBC Capital Reaffirms Their Hold Rating on American Axle (AXL)
Barclays Remains a Hold on American Axle (AXL)
American Axle & Manufacturing Q2 Adj. Profit Tops Estimates
American Axle Shares Sink 12% After Profit Falls
AAM Reports Second Quarter 2023 Financial Results
See More Headlines
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AXL Company Calendar

Last Earnings
8/04/2023
Today
9/30/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$9.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$64.30 million
Pretax Margin
0.78%

Debt

Sales & Book Value

Annual Sales
$5.80 billion
Cash Flow
$4.87 per share
Book Value
$5.48 per share

Miscellaneous

Free Float
114,600,000
Market Cap
$849.86 million
Optionable
Optionable
Beta
2.32
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Key Executives

  • Mr. David Charles Dauch (Age 58)
    Chairman & CEO
    Comp: $7.87M
  • Mr. Michael Joseph Lynch (Age 59)
    Pres & COO
    Comp: $1.9M
  • Mr. Christopher John May (Age 53)
    Exec. VP & CFO
    Comp: $2.43M
  • Mr. James G. Zaliwski (Age 51)
    Chief Accounting Officer
  • Mr. Donald E. Wright
    Chief Information Officer & VP
  • David H. Lim
    Head of Investor Relations
  • Mr. David Eugene Barnes (Age 64)
    Chief Compliance Officer & Corp. Sec.
  • Mr. Matthew Keats Paroly (Age 57)
    VP & Gen. Counsel
  • Mr. Christopher M. Son
    VP of Marketing & Communications
  • Ms. Terri M. Kemp (Age 57)
    Sr. VP of HR & Sustainability













AXL Stock - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 forecast for 2023?

4 Wall Street research analysts have issued twelve-month price targets for American Axle & Manufacturing's stock. Their AXL share price forecasts range from $8.00 to $10.00. On average, they predict the company's share price to reach $9.00 in the next year. This suggests a possible upside of 24.0% 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 2023?

American Axle & Manufacturing's stock was trading at $7.82 at the beginning of 2023. Since then, AXL shares have decreased by 7.2% and is now trading at $7.26.
View the best growth stocks for 2023 here
.

Are investors shorting American Axle & Manufacturing?

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 days-to-cover ratio is presently 2.4 days. Currently, 2.6% of the company's stock are short sold.
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, November 3rd 2023.
View our AXL earnings forecast
.

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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) announced its earnings results on Friday, August, 4th. The auto parts company reported $0.12 EPS 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 analyst estimates 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 firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.22 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 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share 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.

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).

What is American Axle & Manufacturing's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is American Axle & Manufacturing's stock price today?

One share of AXL stock can currently be purchased for approximately $7.26.

How much money does American Axle & Manufacturing make?

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $849.86 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 $0.36 on an earnings per share basis.

How many employees does American Axle & Manufacturing have?

The company employs 19,000 workers across the globe.

How can I contact American Axle & Manufacturing?

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.

This page (NYSE:AXL) was last updated on 10/1/2023 by MarketBeat.com Staff

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