AK Steel Holding Corp. Given Consensus Rating of “Hold” by Analysts (NYSE:AKS)
Shares of AK Steel Holding Corp. (NYSE:AKS) have received a consensus rating of “Hold” from the twelve analysts that are covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.24.
Shares of AK Steel Holding Corp. (NYSE:AKS) traded down 0.63% on Monday, hitting $7.86. 997,769 shares of the company’s stock traded hands. AK Steel Holding Corp. has a 52 week low of $2.92 and a 52 week high of $8.47. The stock’s 50-day moving average is $6.74 and its 200-day moving average is $6.84. The company’s market cap is $1.075 billion.
AK Steel Holding Corp. (NYSE:AKS) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.03. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that AK Steel Holding Corp. will post $-0.16 EPS for the current fiscal year.
AKS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AK Steel Holding Corp. in a research note on Tuesday, June 24th. They now have a $8.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of AK Steel Holding Corp. from $6.50 to $7.00 in a research note on Monday, June 23rd. They now have a “hold” rating on the stock. Finally, analysts at Bank of America upgraded shares of AK Steel Holding Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $10.00 price target on the stock, up previously from $9.00.
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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