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

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.
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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%.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our AXL earnings forecast.

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.

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.

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 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.
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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 $11.40.

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.

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.