AK Steel Holding Reaches New 1-Year High at $9.89 (AKS)
AK Steel Holding (NYSE:AKS) shares reached a new 52-week high on Monday , AnalystRatingsNetwork.com reports. The stock traded as high as $9.89 and last traded at $9.88, with a volume of 2,467,752 shares traded. The stock had previously closed at $9.53.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of AK Steel Holding in a research note on Thursday. They now have a $8.00 price target on the stock, up previously from $6.00. Separately, analysts at Jefferies Group raised their price target on shares of AK Steel Holding from $7.00 to $9.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of AK Steel Holding in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, up previously from $11.00. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. AK Steel Holding presently has a consensus rating of “Hold” and an average target price of $9.29.
The stock’s 50-day moving average is $8.52 and its 200-day moving average is $7.15. The company’s market cap is $1.345 billion.
AK Steel Holding (NYSE:AKS) last released its earnings data on Tuesday, July 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that AK Steel Holding will post $0.04 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.