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NYSE:AXL

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

$11.22
-0.18 (-1.58%)
(As of 08/18/2022 12:22 PM ET)
Add
Compare
Today's Range
$11.02
$11.28
50-Day Range
$6.83
$11.71
52-Week Range
$6.36
$11.96
Volume
18,346 shs
Average Volume
1.42 million shs
Market Capitalization
$1.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.50

American Axle & Manufacturing MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
23.6% Downside
$8.50 Price Target
Short Interest
Healthy
4.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of American Axle & Manufacturing in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
79.55%
From $0.88 to $1.58 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Auto/Tires/Trucks Sector

73rd out of 112 stocks

Motor Vehicle Parts & Accessories Industry

26th out of 38 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 in the United States, Mexico, South America, China, other Asian countries, and Europe. 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 axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. and REE Automotive Ltd. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $11.40 on Thursday. The company has a debt-to-equity ratio of 6.47, a quick ratio of 1.31 and a current ratio of 1.69. The stock's 50-day simple moving average is $8.55 and its 200 day simple moving average is $8.01. The company has a market cap of $1.31 billion, a P/E ratio of -50.91, a P/E/G ratio of 1.61 and a beta of 2.13. American Axle & Manufacturing has a 52-week low of $6.36 and a 52-week high of $11.96.

American Axle & Manufacturing (NYSE:AXL - Get Rating) last released its earnings results on Friday, August 5th. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.37 billion. American Axle & Manufacturing had a positive return on equity of 12.32% and a negative net margin of 0.47%. American Axle & Manufacturing's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, sell-side analysts forecast that American Axle & Manufacturing will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AXL has been the topic of several recent analyst reports. TheStreet upgraded American Axle & Manufacturing from a "d+" rating to a "c-" rating in a report on Friday, August 5th. Citigroup lifted their target price on American Axle & Manufacturing to $9.50 in a report on Monday. Morgan Stanley lifted their target price on American Axle & Manufacturing from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, August 11th. Barclays cut their price target on American Axle & Manufacturing from $6.00 to $5.00 in a report on Tuesday, May 10th. Finally, StockNews.com upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.50.

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AXL Stock News Headlines

Where American Axle & Manufact. Holdings Stands With Analysts
AAM Reports Second Quarter 2022 Financial Results
What 5 Analyst Ratings Have To Say About American Axle & Mfg Hldgs
See More Headlines
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AXL Company Calendar

Last Earnings
8/05/2022
Today
8/18/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Auto Parts & Equipment
CUSIP
02406110
Employees
18,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.50
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-24.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$5.90 million
Pretax Margin
-0.70%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$5.50 per share
Book Value
$4.10 per share

Miscellaneous

Free Float
112,145,000
Market Cap
$1.29 billion
Optionable
Optionable
Beta
2.13

Key Executives

  • Mr. David Charles Dauch (Age 57)
    Chairman & CEO
    Comp: $6.3M
  • Mr. Michael K. Simonte (Age 58)
    Pres
    Comp: $3.19M
  • Mr. Christopher John May (Age 52)
    VP & CFO
    Comp: $2.03M
  • Mr. Norman Willemse (Age 65)
    Pres of Metal Forming
    Comp: $2.14M
  • Mr. Michael Joseph Lynch (Age 58)
    Pres of Driveline
    Comp: $1.76M
  • Mr. James G. Zaliwski (Age 50)
    Chief Accounting Officer
  • Mr. Donald E. Wright
    Chief Information Officer & VP
  • David H. Lim
    Head of Investor Relations
  • Mr. David Eugene Barnes (Age 63)
    Chief Compliance Officer, VP, Gen. Counsel & Corp. Sec.
  • Mr. Christopher M. Son
    VP of Marketing & Communications













AXL Stock - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last year. There are currently 1 sell rating, 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 2022?

5 Wall Street research analysts have issued 12-month price objectives for American Axle & Manufacturing's stock. Their AXL share price forecasts range from $5.00 to $12.00. On average, they predict the company's share price to reach $8.50 in the next twelve months. This suggests that the stock has a possible downside of 25.4%.
View analysts price targets for AXL
or view top-rated stocks among Wall Street analysts.

How have AXL shares performed in 2022?

American Axle & Manufacturing's stock was trading at $9.33 at the start of the year. Since then, AXL shares have increased by 22.2% and is now trading at $11.40.
View the best growth stocks for 2022 here
.

Are investors shorting American Axle & Manufacturing?

American Axle & Manufacturing saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,270,000 shares, a drop of 8.5% from the July 15th total of 5,760,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.8% of the shares of the company are sold short.
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 4th 2022.
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 data on Friday, August, 5th. The auto parts company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.12. The auto parts company earned $1.44 billion during the quarter, compared to analyst estimates of $1.37 billion. American Axle & Manufacturing had a positive trailing twelve-month return on equity of 12.32% and a negative net margin of 0.47%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS.

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

American Axle & Manufacturing issued an update on its FY 2022 earnings guidance on Friday, August, 12th. The company provided earnings per share 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.

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 retail and institutional investors. Top institutional shareholders include State Street Corp (3.93%), FMR LLC (3.64%), Penn Capital Management Company LLC (1.56%), Mirae Asset Global Investments Co. Ltd. (1.36%), Northern Trust Corp (1.04%) and Smith Graham & Co. Investment Advisors LP (0.97%). Insiders that own company stock include Herbert K Parker, James A Mccaslin and John F Smith.
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 $11.40.

How much money does American Axle & Manufacturing make?

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $1.31 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.

How many employees does American Axle & Manufacturing have?

The company employs 18,000 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 8/18/2022 by MarketBeat.com Staff

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