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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. There are currently 1 sell rating, 3 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. View AXL analyst ratings or view top-rated stocks .

What is American Axle & Manufacturing's stock price target for 2024?

5 equities research analysts have issued 12-month price objectives for American Axle & Manufacturing's stock. Their AXL share price targets range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $7.70 in the next year. This suggests a possible upside of 9.8% 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 2024?

American Axle & Manufacturing's stock was trading at $8.81 on January 1st, 2024. Since then, AXL shares have decreased by 20.4% and is now trading at $7.0150. View the best growth stocks for 2024 here .

Are investors shorting American Axle & Manufacturing?

American Axle & Manufacturing saw a drop in short interest in March. As of March 31st, there was short interest totaling 2,800,000 shares, a drop of 69.3% from the March 15th total of 9,130,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 1.5 days. Approximately 2.5% of the company's 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 3rd 2024. View our AXL earnings forecast .

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

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) issued its quarterly earnings results on Friday, February, 16th. The auto parts company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The auto parts company earned $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. American Axle & Manufacturing had a negative net margin of 0.55% and a negative trailing twelve-month return on equity of 1.78%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

What ETFs hold American Axle & Manufacturing's stock?

ETFs with the largest weight of American Axle & Manufacturing (NYSE:AXL) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL) , Invesco S&P SmallCap Value with Momentum ETF (XSVM) , Global X Autonomous & Electric Vehicles ETF (DRIV) , Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

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

American Axle & Manufacturing updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.1 billion-$6.4 billion, compared to the consensus revenue estimate of $6.2 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) .

Who are American Axle & Manufacturing's major shareholders?

American Axle & Manufacturing's stock is owned by many different retail and institutional investors. Top institutional investors include GAMMA Investing LLC (0.00%). Insiders that own company stock include David Eugene Barnes and Terri M Kemp. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:AXL

American Axle & Manufacturing (AXL) Stock Price, News & Analysis

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Free AXL Stock Alerts

$7.02

+0.02 (+0.29%)

(As of 04/16/2024 ET)

Compare

Today's Range: $6.86
▼
$7.16
50-Day Range: $6.52
▼
$8.55
52-Week Range: $6.29
▼
$9.55

Volume: 1.31 million shs
Average Volume: 1.85 million shs
Market Capitalization: $824.54 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.70

Get American Axle & Manufacturing alerts:

American Axle & Manufacturing MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 9.8% Upside
$7.70 Price Target
Short Interest: Healthy
2.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 46.67%
From $0.30 to $0.44 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.25 out of 5 stars

Auto/Tires/Trucks Sector

49th out of 79 stocks

Motor Vehicle Parts & Accessories Industry

21st out of 31 stocks

1.0

Analyst's Opinion

Consensus Rating
American Axle & Manufacturing has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
American Axle & Manufacturing has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of American Axle & Manufacturing has been sold short.
Short Interest Ratio / Days to Cover
American Axle & Manufacturing has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in American Axle & Manufacturing has recently decreased by 69.33%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
American Axle & Manufacturing does not currently pay a dividend.
Dividend Growth
American Axle & Manufacturing does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AXL.

2.5

News and Social Media Coverage

News Sentiment
American Axle & Manufacturing has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for American Axle & Manufacturing this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for AXL on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
3 people have added American Axle & Manufacturing to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, American Axle & Manufacturing insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.10% of the stock of American Axle & Manufacturing is held by insiders.
Percentage Held by Institutions
91.41% of the stock of American Axle & Manufacturing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for American Axle & Manufacturing are expected to grow by 46.67% in the coming year, from $0.30 to $0.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of American Axle & Manufacturing is -25.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of American Axle & Manufacturing is -25.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
American Axle & Manufacturing has a PEG Ratio of 2.87. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
American Axle & Manufacturing has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About American Axle & Manufacturing Stock (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides range of products, such as engine, transmission, driveline, and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It operates in North America, Asia, Europe, and South America. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.

AXL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AXL Stock News Headlines

April 16, 2024 | money.usnews.com

American Axle & Manufacturing Holdings Inc

April 11, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Royal Caribbean (RCL) and American Axle (AXL)

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April 9, 2024 | mirror.co.uk

Fears China will flood the globe with affordable electric cars and green tech

April 9, 2024 | americanbankingnews.com

American Axle & Manufacturing (NYSE:AXL) Upgraded to "Buy" by StockNews.com

April 8, 2024 | finance.yahoo.com

American Axle & Manufacturing Holdings, Inc. (AXL)

April 8, 2024 | msn.com

Will China flood globe with EVs, green tech? What's behind latest US-China trade fight

April 2, 2024 | msn.com

India must focus on manufacturing to compete with China on economic front: Jaishankar

April 16, 2024 | DTI (Ad)

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April 1, 2024 | appleinsider.com

Apple won't unlock India Prime Minister's election opponent's iPhone

March 29, 2024 | seekingalpha.com

MRETF Martinrea International Inc.

March 28, 2024 | finanznachrichten.de

Coherent Market Insights: Forging Market Projected To Witness Substantial Growth, 2024-2031

March 22, 2024 | prnewswire.com

AAM to Present at the Bank of America Global Automotive Summit on March 27

March 20, 2024 | finance.yahoo.com

AAM Names Aleksandra A. Miziolek to Board of Directors

March 19, 2024 | wsj.com

American Axle & Manufacturing Holdings Inc.

March 16, 2024 | finance.yahoo.com

AXL Apr 2024 7.000 call

March 3, 2024 | finance.yahoo.com

AXL Mar 2024 6.000 call

February 26, 2024 | msn.com

Chinese EV Entry Could Trigger 'Extinction-Level Event' For US Auto Industry, Report Warns

February 21, 2024 | finance.yahoo.com

American Axle (AXL) Q4 Loss Narrower Than Expected, Sales Beat

February 19, 2024 | msn.com

Three Aam Aadmi Party Chandigarh councillors join BJP in Delhi

February 17, 2024 | msn.com

US firm's tech turns a petrol ute into an electric powerhouse

February 17, 2024 | finance.yahoo.com

Q4 2023 American Axle & Manufacturing Holdings Inc Earnings Call

February 16, 2024 | finance.yahoo.com

American Axle (AXL) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

February 16, 2024 | finanznachrichten.de

American Axle & Manufacturing Holdings, Inc.: AAM Reports Fourth Quarter and Full Year 2023 Financial Results

February 16, 2024 | markets.businessinsider.com

American Axle Posts Q4 Loss, But Below Street View; Expects Annual Sales In Line With Estimates

February 16, 2024 | msn.com

American Axle & Manufacturing Non-GAAP EPS of -$0.09 beats by $0.12, revenue of $1.46B beats by $40M

February 16, 2024 | msn.com

American Axle Accelerates Past Forecasts: Sales Surge 5% Amid Optimistic FY24 Outlook

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Company Calendar

Last Earnings: 2/16/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/03/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Auto/Tires/Trucks
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Current Symbol: NYSE:AXL
CUSIP: 02406110
CIK: 1062231
Web: www.aam.com
Phone: (313) 758-2000
Fax: 313-974-3090
Employees: 19,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.70
High Stock Price Target: $10.00
Low Stock Price Target: $6.00
Potential Upside/Downside: +9.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 23.38
P/E Growth: 2.87
Net Income: $-33,600,000.00
Net Margins: -0.55%
Pretax Margin: -0.40%
Return on Equity: -1.78%
Return on Assets: -0.20%

Debt

Debt-to-Equity Ratio: 4.55
Current Ratio: 1.67
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $6.08 billion
Price / Sales: 0.14
Cash Flow: $4.03 per share
Price / Cash Flow: 1.74
Book Value: $5.17 per share
Price / Book: 1.36

Miscellaneous

Outstanding Shares: 117,540,000
Free Float: 113,896,000
Market Cap: $824.54 million
Optionable: Optionable
Beta: 2.22

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Key Executives

Mr. David Charles Dauch (Age 59)
Chairman & CEO
Comp: $6.98M
Mr. Michael Joseph Lynch (Age 60)
President & COO
Comp: $2.11M
Mr. Christopher John May (Age 54)
Executive VP & CFO
Comp: $2.47M
Ms. Terri M. Kemp (Age 58)
Senior Vice President of Human Resources & Sustainability
Comp: $1.53M
Mr. Tolga I. Oal (Age 52)
President of Driveline
Comp: $1.21M
Mr. James G. Zaliwski (Age 52)
Chief Accounting Officer
Mr. Donald E. Wright
Chief Information Officer & VP
David H. Lim
Head of Investor Relations
Mr. David Eugene Barnes (Age 65)
Chief Compliance Officer & Corporate Secretary
Mr. Matthew Keats Paroly (Age 59)
VP & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AXL Stock Analysis - Frequently Asked Questions

Should I buy or sell American Axle & Manufacturing stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Axle & Manufacturing in the last twelve months. There are currently 1 sell rating, 3 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.
View AXL analyst ratings or view top-rated stocks.
What is American Axle & Manufacturing's stock price target for 2024?: 5 equities research analysts have issued 12-month price objectives for American Axle & Manufacturing's stock. Their AXL share price targets range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $7.70 in the next year. This suggests a possible upside of 9.8% 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 2024?: American Axle & Manufacturing's stock was trading at $8.81 on January 1st, 2024. Since then, AXL shares have decreased by 20.4% and is now trading at $7.0150.
View the best growth stocks for 2024 here.
Are investors shorting American Axle & Manufacturing?: American Axle & Manufacturing saw a drop in short interest in March. As of March 31st, there was short interest totaling 2,800,000 shares, a drop of 69.3% from the March 15th total of 9,130,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 1.5 days. Approximately 2.5% of the company's 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 3rd 2024.
View our AXL earnings forecast.
How were American Axle & Manufacturing's earnings last quarter?: American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) issued its quarterly earnings results on Friday, February, 16th. The auto parts company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The auto parts company earned $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. American Axle & Manufacturing had a negative net margin of 0.55% and a negative trailing twelve-month return on equity of 1.78%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

What ETFs hold American Axle & Manufacturing's stock?: ETFs with the largest weight of American Axle & Manufacturing (NYSE:AXL) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Global X Autonomous & Electric Vehicles ETF (DRIV), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
What guidance has American Axle & Manufacturing issued on next quarter's earnings?: American Axle & Manufacturing updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.1 billion-$6.4 billion, compared to the consensus revenue estimate of $6.2 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).
Who are American Axle & Manufacturing's major shareholders?: American Axle & Manufacturing's stock is owned by many different retail and institutional investors. Top institutional investors include GAMMA Investing LLC (0.00%). Insiders that own company stock include David Eugene Barnes and Terri M Kemp.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AXL) was last updated on 4/16/2024 by MarketBeat.com Staff

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