American Axle & Manufacturing - AXL Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. 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.
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5 analysts have issued 1-year target prices for American Axle & Manufacturing's shares. Their AXL share price forecasts range from $5.00 to $12.00. On average, they anticipate the company's share price to reach $8.20 in the next year. This suggests that the stock has a possible downside of 26.1%.
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American Axle & Manufacturing's stock was trading at $9.33 at the beginning of the year. Since then, AXL shares have increased by 19.0% and is now trading at $11.10.
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American Axle & Manufacturing saw a decline in short interest in July. As of July 31st, there was short interest totaling 5,270,000 shares, a decline of 8.5% from the July 15th total of 5,760,000 shares. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) announced its quarterly earnings data on Friday, August, 5th. The auto parts company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. The auto parts company earned $1.44 billion during the quarter, compared to the consensus estimate of $1.37 billion. American Axle & Manufacturing had a negative net margin of 0.47% and a positive trailing twelve-month return on equity of 12.32%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS.

American Axle & Manufacturing issued an update on its FY 2022 earnings guidance on Friday, August, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.75 billion-$5.95 billion, compared to the consensus revenue estimate of $5.76 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 FMR LLC (3.64%), Mirae Asset Global Investments Co. Ltd. (1.36%), Northern Trust Corp (1.04%), Smith Graham & Co. Investment Advisors LP (0.97%), S&T Bank PA (0.95%) and Teacher Retirement System of Texas (0.65%). Insiders that own company stock include Herbert K Parker, James A Mccaslin and John F Smith.
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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 $11.10.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $1.27 billion and generates $5.16 billion in revenue each year. The auto parts company earns $5.90 million in net income (profit) each year or ($0.23) on an earnings per share basis.

The company employs 18,000 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.