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NYSE:AXL

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

$9.70
+0.22 (+2.32%)
(As of 02/7/2023 01:14 PM ET)
Add
Compare
Today's Range
$9.37
$9.73
50-Day Range
$7.47
$10.41
52-Week Range
$6.36
$11.96
Volume
271,888 shs
Average Volume
852,364 shs
Market Capitalization
$1.11 billion
P/E Ratio
970.97
Dividend Yield
N/A
Price Target
$9.33

American Axle & Manufacturing MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.4% Downside
$9.33 Price Target
Short Interest
Healthy
2.49% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.16mentions of American Axle & Manufacturing in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.64%
From $0.69 to $0.86 Per Share

Overall MarketRank

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

1.81 out of 5 stars

Auto/Tires/Trucks Sector

73rd out of 97 stocks

Motor Vehicle Parts & Accessories Industry

27th out of 34 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

Adient (ADNT) Q1 Earnings and Revenues Lag Estimates
Is This Stock On Your Radar
This stock is positioned like its peers that cashed out.
Move Over Lithium – 220 Pounds of Graphite In Every EV Battery
Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.
AAM To Webcast Technology Day January 4
See More Headlines
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AXL Company Calendar

Last Earnings
11/04/2021
Today
2/07/2023
Next Earnings (Estimated)
2/10/2023
Fiscal Year End
12/31/2023

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
$9.33
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$5.90 million
Pretax Margin
-0.01%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$5.81 per share
Book Value
$4.01 per share

Miscellaneous

Free Float
112,148,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
2.30

Key Executives

  • David C. Dauch
    Chairman & Chief Executive Officer
  • Michael K. Simonte
    President
  • Michael J. Lynch
    Chief Operating Officer
  • Chris May
    Chief Financial Officer & Executive Vice President
  • David Eugene Barnes
    Secretary, Chief Compliance Officer & VP













AXL Stock - Frequently Asked Questions

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

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

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

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%.
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 at the beginning of the year. Since then, AXL stock has increased by 20.7% and is now trading at $9.44.
View the best growth stocks for 2023 here
.

Are investors shorting American Axle & Manufacturing?

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.
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, February 10th 2023.
View our AXL earnings forecast
.

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

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.

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

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.

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 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.
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 $9.44.

How much money does American Axle & Manufacturing make?

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.

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 2/7/2023 by MarketBeat.com Staff