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How American Axle & Manufacturing Holdings (AXL) Stock Stands Out in a Strong Industry

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One stock that might be an intriguing choice for investors right now is American Axle & Manufacturing Holdings Inc. (AXL - Free Report) . This is because this security in the Auto/Truck Original Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Auto/Truck Original Equipment space as it currently has a Zacks Industry Rank of 20 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, American Axle & Manufacturing Holdings is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

 

AMER AXLE & MFG Price and Consensus

AMER AXLE & MFG Price and Consensus | AMER AXLE & MFG Quote

In fact, over the past month, current quarter estimates have risen from 79 cents per share to 80 cents per share, while current year estimates have risen from $3.04 per share to $3.08 per share. This has helped AXL to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider American Axle & Manufacturing Holdings. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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