AK Steel Holding Co. (NYSE:AKS) had its price target hoisted by stock analysts at Deutsche Bank from $1.00 to $2.00 in a report released on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 54.02% from the company’s previous close.
Other hedge funds have bought and sold shares of the company. Creative Planning raised its stake in AK Steel Holding by 612.1% in the fourth quarter. Creative Planning now owns 2,079,472 shares of the company’s stock valued at $4,658,000 after buying an additional 1,787,437 shares during the last quarter. Royce & Associates LLC raised its stake in AK Steel Holding by 2.7% in the fourth quarter. Royce & Associates LLC now owns 1,735,609 shares of the company’s stock valued at $3,888,000 after buying an additional 45,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in AK Steel Holding by 47.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,722,992 shares of the company’s stock valued at $3,860,000 after buying an additional 553,780 shares during the last quarter. Principal Financial Group Inc. raised its stake in AK Steel Holding by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 1,202,650 shares of the company’s stock valued at $2,694,000 after buying an additional 52,641 shares during the last quarter. Finally, Bridgeway Capital Management Inc. acquired a new stake in AK Steel Holding during the fourth quarter valued at about $1,307,000.
Several other equities analysts also recently commented on AKS. Vetr raised shares of AK Steel Holding from a “buy” rating to a “strong-buy” rating and set a $2.67 target price on the stock in a report on Monday, January 11th. Zacks Investment Research raised shares of AK Steel Holding from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Tuesday, March 15th. Bank of America reissued an “underperform” rating on shares of AK Steel Holding in a report on Thursday, March 17th. Jefferies Group reissued a “hold” rating on shares of AK Steel Holding in a report on Wednesday, January 13th. Finally, Barclays reissued an “equal weight” rating and set a $2.00 target price (down previously from $3.00) on shares of AK Steel Holding in a report on Tuesday, January 12th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.49.
AK Steel Holding (NYSE:AKS) last posted its quarterly earnings data on Tuesday, January 26th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.01 by $0.29. The firm earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. AK Steel Holding’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Equities analysts predict that AK Steel Holding will post ($0.24) 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).
