AK Steel Holding Corporation (NYSE:AKS) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.

A number of other analysts have also issued reports on the stock. Clarkson Capital upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, May 25th. Cowen and Company reaffirmed a “market perform” rating and issued a $7.00 price objective on shares of AK Steel Holding Corporation in a report on Friday, May 12th. Barclays PLC decreased their price objective on shares of AK Steel Holding Corporation from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, May 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of AK Steel Holding Corporation in a report on Friday, April 28th. Finally, TheStreet raised shares of AK Steel Holding Corporation from a “d+” rating to a “c” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.05.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

Shares of AK Steel Holding Corporation (NYSE:AKS) traded up 2.34% on Monday, hitting $6.13. 12,522,007 shares of the stock traded hands. The firm has a market cap of $1.93 billion, a P/E ratio of 23.76 and a beta of 2.81. The firm’s 50-day moving average is $5.95 and its 200 day moving average is $7.95. AK Steel Holding Corporation has a 12-month low of $3.87 and a 12-month high of $11.39.

AK Steel Holding Corporation (NYSE:AKS) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. AK Steel Holding Corporation had a net margin of 1.16% and a negative return on equity of 235.11%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Equities research analysts forecast that AK Steel Holding Corporation will post $0.61 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of AKS. BlackRock Inc. increased its stake in AK Steel Holding Corporation by 52,055.2% in the first quarter. BlackRock Inc. now owns 39,293,178 shares of the basic materials company’s stock valued at $282,518,000 after buying an additional 39,217,839 shares during the last quarter. Vanguard Group Inc. increased its stake in AK Steel Holding Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company’s stock valued at $266,566,000 after buying an additional 2,308,220 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of AK Steel Holding Corporation by 25.6% in the first quarter. TIAA CREF Investment Management LLC now owns 16,463,348 shares of the basic materials company’s stock valued at $118,371,000 after buying an additional 3,357,464 shares during the period. State Street Corp boosted its stake in shares of AK Steel Holding Corporation by 20.3% in the first quarter. State Street Corp now owns 12,737,201 shares of the basic materials company’s stock valued at $91,579,000 after buying an additional 2,151,457 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of AK Steel Holding Corporation by 63.5% in the first quarter. Teachers Advisors LLC now owns 8,114,044 shares of the basic materials company’s stock valued at $58,340,000 after buying an additional 3,150,282 shares during the period. 76.65% of the stock is owned by institutional investors and hedge funds.

AK Steel Holding Corporation Company Profile

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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