AK Steel Holding Corp. Given New $4.15 Price Target at Cowen and Company (AKS)
Equities researchers at Cowen and Company decreased their price objective on shares of AK Steel Holding Corp. (NYSE:AKS) from $4.25 to $4.15 in a research report issued on Friday, AnalystRatings.Net reports. Cowen and Company’s price target would suggest a potential upside of 5.33% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wellington Shields initiated coverage on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Wednesday, September 4th. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Monday, August 12th. They now have a $3.75 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Wednesday, July 24th. They now have a $3.00 price target on the stock.
Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. AK Steel Holding Corp. presently has a consensus rating of “Hold” and an average price target of $4.62.
Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 1.02% during mid-day trading on Friday, hitting $3.98. The stock had a trading volume of 4,516,600 shares. AK Steel Holding Corp. has a 52-week low of $2.76 and a 52-week high of $6.73. The stock has a 50-day moving average of $3.52 and a 200-day moving average of $3.3. The company’s market cap is $542.6 million.
AK Steel Holding Corp. (NYSE:AKS) last announced its earnings results on Tuesday, July 23rd. The company reported ($0.30) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.33) by $0.03. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts expect that AK Steel Holding Corp. will post $-0.51 EPS for the current fiscal year.
AK Steel Holding Corporation (NYSE:AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company).
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