AK Steel Holding Hits New 12-Month High at $8.70 (AKS)
AK Steel Holding (NYSE:AKS) hit a new 52-week high during trading on Thursday , Analyst Ratings Network.com reports. The stock traded as high as $8.70 and last traded at $8.57, with a volume of 3,083,588 shares traded. The stock had previously closed at $8.46.
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 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 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 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.24.
The stock has a 50-day moving average of $7.30 and a 200-day moving average of $6.97. The company’s market cap is $1.159 billion.
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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