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NYSE:AXL

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

$7.43
+0.07 (+0.95%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.40
$7.57
50-Day Range
$7.32
$10.05
52-Week Range
$6.36
$11.96
Volume
745,955 shs
Average Volume
1.08 million shs
Market Capitalization
$851.33 million
P/E Ratio
14.02
Dividend Yield
N/A
Price Target
$9.83

American Axle & Manufacturing MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
32.3% Upside
$9.83 Price Target
Short Interest
Healthy
3.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.23mentions of American Axle & Manufacturing in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$265,797 Sold Last Quarter
Proj. Earnings Growth
89.58%
From $0.48 to $0.91 Per Share

Overall MarketRank

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

2.59 out of 5 stars

Auto/Tires/Trucks Sector

23rd out of 96 stocks

Motor Vehicle Parts & Accessories Industry

14th out of 33 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

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
St. Louis Manufacturing News
Automotive Iron Casting Market Top Players By 2031
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
AAM Wins Dorian Award for Bottom Line Improvement
Truck Axle Market Outlook and Forecast till 2029
See More Headlines
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AXL Company Calendar

Last Earnings
2/17/2023
Today
3/27/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Auto Parts & Equipment
CUSIP
02406110
Employees
19,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.83
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+30.6%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$64.30 million
Pretax Margin
1.14%

Debt

Sales & Book Value

Annual Sales
$5.80 billion
Cash Flow
$5.05 per share
Book Value
$5.48 per share

Miscellaneous

Free Float
112,174,000
Market Cap
$862.79 million
Optionable
Optionable
Beta
2.27

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 research 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 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 analysts have issued 12 month price objectives for American Axle & Manufacturing's shares. 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 30.6% from the stock's current price.
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 on January 1st, 2023. Since then, AXL stock has decreased by 3.7% and is now trading at $7.53.
View the best growth stocks for 2023 here
.

Are investors shorting American Axle & Manufacturing?

American Axle & Manufacturing saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,840,000 shares, an increase of 13.9% from the February 28th total of 3,370,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 3.7 days. Currently, 3.5% 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, May 5th 2023.
View our AXL earnings forecast
.

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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) released its quarterly earnings results 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 the consensus estimate of $1.39 billion. American Axle & Manufacturing had a trailing twelve-month return on equity of 14.06% and a net margin of 1.11%. American Axle & Manufacturing's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) earnings per share.

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

American Axle & Manufacturing issued an update on its FY 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share 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.

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 institutional and retail investors. Top institutional shareholders 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
.

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 $7.53.

How much money does American Axle & Manufacturing make?

American Axle & Manufacturing (NYSE:AXL) has a market capitalization of $862.79 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.

How many employees does American Axle & Manufacturing have?

The company employs 19,000 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 3/27/2023 by MarketBeat.com Staff