An auto supplier. The auto companies are trading well, so the suppliers will get rated up. Be careful of a value trap, since AXL trades at 4x forward earnings. Make sure they're well-positioned.
(A Top Pick July 24/14. Up 5.2%.) Sold off along with all of the derivative plays to the US OEMs. Part of it is the foreign exposure to a slowing China market and a slowing Europe. A little confounding why this sold off because 85% of their revenues come directly from the US. Feels it is mispriced and would be a buy here.
This was spun off from General Motors (GM-N) in 1994. Make drive line axles, primarily for trucks initially, but have moved into the car business. Most of the business historically has been with General Motors, but are now down to about 55% with GM, and are dealing with about 100 different customers. Growing their earnings at a fairly good clip of about 15% annually, but are only trading at 8 or 9 times earnings.
American Axle & Mfg Hldgs Inc. is a American stock, trading under the symbol AXL-N on the New York Stock Exchange (AXL). It is usually referred to as NYSE:AXL or AXL-N
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American Axle & Mfg Hldgs Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for American Axle & Mfg Hldgs Inc..
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On 2024-11-21, American Axle & Mfg Hldgs Inc. (AXL-N) stock closed at a price of $6.38.