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NYSE:AXL

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

American Axle & Manufacturing logo
$6.31 +0.03 (+0.48%)
(As of 11/15/2024 ET)

About American Axle & Manufacturing Stock (NYSE:AXL)

Key Stats

Today's Range
$6.06
$6.41
50-Day Range
$5.55
$6.77
52-Week Range
$5.43
$8.99
Volume
2.52 million shs
Average Volume
1.94 million shs
Market Capitalization
$741.93 million
P/E Ratio
26.29
Dividend Yield
N/A
Price Target
$7.38
Consensus Rating
Reduce

Company Overview

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.

American Axle & Manufacturing Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
46th Percentile Overall Score

AXL MarketRank™: 

American Axle & Manufacturing scored higher than 46% of companies evaluated by MarketBeat, and ranked 57th out of 89 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    American Axle & Manufacturing has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    American Axle & Manufacturing has only been the subject of 2 research reports in the past 90 days.

  • Read more about American Axle & Manufacturing's stock forecast and price target.
  • Earnings Growth

    Earnings for American Axle & Manufacturing are expected to grow by 32.56% in the coming year, from $0.43 to $0.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of American Axle & Manufacturing is 26.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of American Axle & Manufacturing is 26.29, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.92.

  • Price to Book Value per Share Ratio

    American Axle & Manufacturing has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about American Axle & Manufacturing's valuation and earnings.
  • Percentage of Shares Shorted

    3.98% 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 2.8, 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 increased by 9.63%, indicating that investor sentiment is decreasing significantly.
  • 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.

  • Percentage of Shares Shorted

    3.98% 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 2.8, 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 increased by 9.63%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    American Axle & Manufacturing has a news sentiment score of 0.32. 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 is a lower news sentiment than the 0.63 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for American Axle & Manufacturing this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for AXL on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added American Axle & Manufacturing to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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 2.10% 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.

  • Read more about American Axle & Manufacturing's insider trading history.
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AXL Stock News Headlines

Morgan Stanley Keeps Their Buy Rating on American Axle (AXL)
What is Zacks Research's Estimate for AXL Q2 Earnings?
How one pattern has averaged an 85% return per year since the pandemic.
Over the last 5 years Roger Scott has done some pretty incredible things… He’s found hundreds of winning opportunities… He’s created some incredible strategies… And he’s even designed some amazing tools… But there is one thing he’s always kept close to the chest… And in this case, it’s been a very particular stock market pattern…. A pattern he calls the World's Most Predictable Pattern…
American Axle & Manufacturing Reports Improved Q3 2024 Results
American Axle & Manufacturing Issues Updated Outlook For 2024
See More Headlines

AXL Stock Analysis - Frequently Asked Questions

American Axle & Manufacturing's stock was trading at $8.81 at the beginning of 2024. Since then, AXL stock has decreased by 28.4% and is now trading at $6.31.
View the best growth stocks for 2024 here
.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) announced its earnings results on Friday, November, 8th. The auto parts company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.25. The business's revenue for the quarter was down 3.0% on a year-over-year basis.

Top institutional shareholders of American Axle & Manufacturing include State Street Corp (4.00%), Geode Capital Management LLC (2.26%), Charles Schwab Investment Management Inc. (2.18%) and Jacobs Levy Equity Management Inc. (1.93%). Insiders that own company stock include Terri M Kemp and David Eugene Barnes.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that American Axle & Manufacturing investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
11/08/2024
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/21/2025

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 Target
$7.38
High Stock Price Target
$8.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+16.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-33,600,000.00
Pretax Margin
0.91%

Debt

Sales & Book Value

Annual Sales
$6.21 billion
Cash Flow
$3.94 per share
Book Value
$5.24 per share

Miscellaneous

Free Float
115,112,000
Market Cap
$741.94 million
Optionable
Optionable
Beta
1.95

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This page (NYSE:AXL) was last updated on 11/17/2024 by MarketBeat.com Staff
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