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

5 Wall Street 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 analysts is that investors should "hold" American Axle & Manufacturing stock. 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 Wall Street research analysts have issued 1-year price objectives for American Axle & Manufacturing's stock. Their AXL stock forecasts range from $5.00 to $11.00. On average, they anticipate American Axle & Manufacturing's share price to reach $7.80 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
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American Axle & Manufacturing's stock was trading at $9.33 at the beginning of 2022. Since then, AXL stock has decreased by 1.1% and is now trading at $9.23.
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American Axle & Manufacturing 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) issued its quarterly earnings results on Thursday, November, 4th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.14. The auto parts company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.15 billion. American Axle & Manufacturing had a negative net margin of 0.61% and a positive trailing twelve-month return on equity of 14.39%. The business's quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share.

American Axle & Manufacturing updated its FY 2022 earnings guidance on Friday, August, 5th. 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 CEO David C. Dauch on Glassdoor.com. David C. Dauch has an approval rating of 70% among American Axle & Manufacturing'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 many different institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (1.36%), Smith Graham & Co. Investment Advisors LP (0.97%), Russell Investments Group Ltd. (0.56%), Connor Clark & Lunn Investment Management Ltd. (0.22%), Ziegler Capital Management LLC (0.15%) and New York State Teachers Retirement System (0.12%). Company insiders that own American Axle & Manufacturing stock include Herbert K Parker, James A Mccaslin and John F Smith.
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Shares of AXL 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 $9.23.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $1.06 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.

American Axle & Manufacturing employs 18,000 workers across the globe.

American Axle & Manufacturing's mailing address is ONE DAUCH DRIVE, DETROIT MI, 48211. The official website for American Axle & Manufacturing 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.