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

8 Wall Street 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 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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8 brokers have issued 1 year price objectives for American Axle & Manufacturing's shares. Their AXL share price forecasts range from $5.00 to $13.00. On average, they expect the company's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
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American Axle & Manufacturing's stock was trading at $9.33 at the beginning of the year. Since then, AXL stock has decreased by 0.6% and is now trading at $9.27.
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American Axle & Manufacturing saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 6,420,000 shares, a decrease of 18.6% from the October 15th total of 7,890,000 shares. Based on an average trading volume of 1,610,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 5.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
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American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) issued its quarterly earnings data on Thursday, November, 4th. The auto parts company reported $0.15 EPS for the quarter, beating the consensus estimate 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 net margin of 0.07% and a trailing twelve-month return on equity of 15.04%. American Axle & Manufacturing's revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS.

American Axle & Manufacturing updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided 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.

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.70%), Vanguard Group Inc. (12.77%), Dimensional Fund Advisors LP (4.99%), Barrow Hanley Mewhinney & Strauss LLC (4.80%), State Street Corp (3.91%) and LSV Asset Management (3.89%). 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 $9.27.

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 $0.01 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.