AK Steel Holding Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:AKS)
Shares of AK Steel Holding (NYSE:AKS) have earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.29.
Shares of AK Steel Holding (NYSE:AKS) opened at 9.59 on Tuesday. AK Steel Holding has a 52 week low of $3.30 and a 52 week high of $9.90. The stock’s 50-day moving average is $8.84 and its 200-day moving average is $7.26. The company’s market cap is $1.312 billion.
AK Steel Holding (NYSE:AKS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.30) earnings per share. AK Steel Holding’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that AK Steel Holding will post $0.01 earnings per share for the current fiscal year.
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, 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.
In other AK Steel Holding news, Director Mark G. Essig bought 25,000 shares of AK Steel Holding stock on the open market in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $9.80 per share, for a total transaction of $245,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
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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