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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. There are currently 1 sell rating, 6 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.
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8 Wall Street research analysts have issued 1-year target prices for American Axle & Manufacturing's shares. Their AXL share price forecasts range from $5.00 to $13.00. On average, they anticipate the company's share price to reach $9.33 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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American Axle & Manufacturing's stock was trading at $7.82 at the beginning of the year. Since then, AXL stock has increased by 20.7% and is now trading at $9.44.
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American Axle & Manufacturing saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,730,000 shares, a decrease of 11.4% from the December 31st total of 3,080,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
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American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) posted its earnings results on Thursday, November, 4th. The auto parts company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.14. The auto parts company earned $1.21 billion during the quarter, compared to the consensus estimate of $1.15 billion. American Axle & Manufacturing had a net margin of 0.07% and a trailing twelve-month return on equity of 15.04%. The firm's revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS.

American Axle & Manufacturing updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.75 billion-$5.85 billion, compared to the consensus revenue estimate of $5.84 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 retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (1.03%), Smith Graham & Co. Investment Advisors LP (0.86%), New York State Teachers Retirement System (0.13%), Ziegler Capital Management LLC (0.12%), Simplex Trading LLC (0.00%) and Comerica Bank (0.08%). 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 $9.44.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $1.08 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 $0.01 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.