AK Steel Holding Given Average Rating of “Hold” by Brokerages (NYSE:AKS)
AK Steel Holding (NYSE:AKS) has received an average rating of “Hold” from the ten brokerages that are covering the company, Analyst RN reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.29.
AKS has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of AK Steel Holding in a research note on Thursday, August 7th. 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.
Shares of AK Steel Holding (NYSE:AKS) traded down 1.17% during mid-day trading on Tuesday, hitting $9.715. 1,118,639 shares of the company’s stock traded hands. AK Steel Holding has a one year low of $3.30 and a one year high of $9.89. The stock’s 50-day moving average is $8.62 and its 200-day moving average is $7.17. The company’s market cap is $1.329 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 $0.04 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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