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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last year. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12-month target prices for American Axle & Manufacturing's stock. Their AXL share price forecasts range from $7.00 to $13.00. On average, they anticipate the company's share price to reach $9.83 in the next twelve months. This suggests a possible upside of 29.4% from the stock's current price.
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American Axle & Manufacturing's stock was trading at $7.82 on January 1st, 2023. Since then, AXL stock has decreased by 2.8% and is now trading at $7.60.
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American Axle & Manufacturing saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,370,000 shares, an increase of 14.6% from the February 13th total of 2,940,000 shares. Based on an average daily trading volume, of 988,000 shares, the short-interest ratio is currently 3.4 days. Currently, 3.1% of the company's stock are short sold.
View American Axle & Manufacturing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our AXL earnings forecast.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) posted its quarterly earnings data on Friday, February, 17th. The auto parts company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by $0.08. The auto parts company earned $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 1.11% and a trailing twelve-month return on equity of 14.06%. American Axle & Manufacturing's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS.

ETFs with the largest weight of American Axle & Manufacturing (NYSE:AXL) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL), Roundhill Acquirers Deep Value ETF (DEEP), Global X Autonomous & Electric Vehicles ETF (DRIV), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Syntax Stratified SmallCap ETF (SSLY).

American Axle & Manufacturing updated its FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.95 billion-$6.25 billion, compared to the consensus revenue estimate of $5.98 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 investors include Dimensional Fund Advisors LP (5.21%), Barrow Hanley Mewhinney & Strauss LLC (4.93%), LSV Asset Management (3.73%), Fuller & Thaler Asset Management Inc. (2.99%), Charles Schwab Investment Management Inc. (2.38%) and Geode Capital Management LLC (1.79%).
View institutional ownership trends.

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 $7.60.

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $870.81 million and generates $5.80 billion in revenue each year. The auto parts company earns $64.30 million in net income (profit) each year or $0.53 on an earnings per share basis.

The company employs 19,000 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.