AK Steel Holding Corp. Rating Reiterated by Zacks (AKS)
AK Steel Holding Corp. (NYSE:AKS)‘s stock had its “hold” rating reiterated by Zacks in a note issued to investors on Friday, American Banking and Market News reports. They currently have a $3.75 target price on the stock. Zacks‘ price objective would suggest a potential downside of 4.82% from the stock’s previous close.
Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 1.02% during mid-day trading on Friday, hitting $3.98. 4,516,600 shares of the company’s stock traded hands. AK Steel Holding Corp. has a one year low of $2.76 and a one year high of $5.90. The stock’s 50-day moving average is $3.53 and its 200-day moving average is $3.39. The company’s market cap is $542.6 million.
AK Steel Holding Corp. (NYSE:AKS) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.30) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. AK Steel Holding Corp.’s revenue was down 8.6% compared to the same quarter last year. Analysts expect that AK Steel Holding Corp. will post $-0.51 EPS for the current fiscal year.
A number of other firms have also recently commented on AKS. Analysts at Cowen and Company cut their price target on shares of AK Steel Holding Corp. (NYSE:AKS) from $4.25 to $4.15 in a research note to investors on Friday. Separately, 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. 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 research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.62.
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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