AK Steel Holding Given New $9.00 Price Target at Jefferies Group (AKS)
Analysts at Jefferies Group lifted their price objective on shares of AK Steel Holding (NYSE:AKS) from $7.00 to $9.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 1.42% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of AK Steel Holding in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Separately, analysts at Nomura reiterated a “hold” rating on shares of AK Steel Holding in a research note on Wednesday. They now have a $7.00 price target on the stock, up previously from $6.00. Finally, analysts at Cowen and Company raised their price target on shares of AK Steel Holding from $7.50 to $9.00 in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. AK Steel Holding has a consensus rating of “Hold” and a consensus price target of $8.88.
Shares of AK Steel Holding (NYSE:AKS) traded up 0.33% during mid-day trading on Thursday, hitting $9.13. The stock had a trading volume of 5,346,561 shares. AK Steel Holding has a one year low of $3.30 and a one year high of $9.45. The stock’s 50-day moving average is $8.17 and its 200-day moving average is $7.08. The company’s market cap is $1.249 billion.
AK Steel Holding (NYSE:AKS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.09. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that AK Steel Holding will post $0.01 earnings per share 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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