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66,000% upside on tiny biotech? (Ad)
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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
66,000% upside on tiny biotech? (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
66,000% upside on tiny biotech? (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
66,000% upside on tiny biotech? (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Twitter executive responsible for content safety resigns after Elon Musk criticism
NYSE:AXL

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

$7.30
+0.45 (+6.57%)
(As of 06/2/2023 ET)
Compare
Today's Range
$6.97
$7.32
50-Day Range
$6.74
$7.88
52-Week Range
$6.61
$11.96
Volume
1.30 million shs
Average Volume
992,388 shs
Market Capitalization
$854.25 million
P/E Ratio
15.21
Dividend Yield
N/A
Price Target
$10.20

American Axle & Manufacturing MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
39.7% Upside
$10.20 Price Target
Short Interest
Healthy
3.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of American Axle & Manufacturing in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
89.74%
From $0.39 to $0.74 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Auto/Tires/Trucks Sector

6th out of 101 stocks

Motor Vehicle Parts & Accessories Industry

3rd out of 35 stocks


AXL stock logo

About American Axle & Manufacturing (NYSE:AXL) Stock

American Axle & Manufacturing Holdings, Inc. engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline and Metal Forming. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment manufactures axle shafts, ring and pinion gears, differential gears, transmission gears, and shafts and suspension components for original equipment manufacturers (OEMs), and Tier 1 automotive suppliers. The company was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.

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AXL Stock News Headlines

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AXL Price History

AXL Company Calendar

Last Earnings
5/05/2023
Today
6/03/2023
Next Earnings (Estimated)
8/04/2023
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
$10.20
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+39.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$64.30 million
Pretax Margin
0.98%

Debt

Sales & Book Value

Annual Sales
$5.80 billion
Cash Flow
$5.25 per share
Book Value
$5.31 per share

Miscellaneous

Free Float
114,563,000
Market Cap
$854.25 million
Optionable
Optionable
Beta
2.26

Key Executives

  • David C. Dauch
    Chairman & Chief Executive Officer
  • Michael J. Lynch
    President & Chief Operating Officer
  • Chris May
    Chief Financial Officer & Executive Vice President
  • Jason P. Parsons
    Group Controller
  • Christopher M. Son
    Vice President-Marketing & Communications













AXL Stock - Frequently Asked Questions

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

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.
View AXL analyst ratings
or view top-rated stocks.

What is American Axle & Manufacturing's stock price forecast for 2023?

5 brokerages have issued 1 year price targets for American Axle & Manufacturing's stock. Their AXL share price forecasts range from $8.00 to $13.00. On average, they predict the company's share price to reach $10.20 in the next twelve months. This suggests a possible upside of 39.7% 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 on January 1st, 2023. Since then, AXL shares have decreased by 6.6% and is now trading at $7.30.
View the best growth stocks for 2023 here
.

Are investors shorting American Axle & Manufacturing?

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 daily volume of 1,010,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.2% of the company's shares 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, August 4th 2023.
View our AXL earnings forecast
.

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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) issued its quarterly earnings results 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 analyst estimates 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 firm's revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share.

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

American Axle & Manufacturing updated its FY 2023 earnings guidance on Sunday, May, 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 $6.07 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."

Who are American Axle & Manufacturing's major shareholders?

American Axle & Manufacturing's stock is owned by many different 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
.

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 $7.30.

How much money does American Axle & Manufacturing make?

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $854.25 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.

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 6/4/2023 by MarketBeat.com Staff

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