AK Steel Holding Corporation (NYSE:AKS) – Investment analysts at KeyCorp increased their FY2018 EPS estimates for shares of AK Steel Holding Corporation in a report released on Monday. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will post earnings of $0.55 per share for the year, up from their prior estimate of $0.53.

AKS has been the topic of several other reports. Jefferies Group LLC upped their price target on AK Steel Holding Corporation from $9.00 to $11.50 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 price target on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Cowen and Company reiterated a “market perform” rating and set a $7.00 price target on shares of AK Steel Holding Corporation in a research report on Friday, May 12th. Vetr cut AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating and set a $8.95 price target on the stock. in a research report on Wednesday, March 15th. Finally, TheStreet upgraded AK Steel Holding Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.32.

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AK Steel Holding Corporation (AKS) traded up 2.1629% during trading on Thursday, reaching $6.3341. 11,296,414 shares of the company’s stock traded hands. The company’s 50 day moving average is $6.07 and its 200-day moving average is $7.72. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 24.5508 and a beta of 2.89. AK Steel Holding Corporation has a 52-week low of $3.87 and a 52-week high of $11.39.

AK Steel Holding Corporation (NYSE:AKS) last released its earnings results on Tuesday, April 25th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. AK Steel Holding Corporation had a net margin of 1.16% and a negative return on equity of 235.11%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm earned ($0.08) EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp acquired a new position in shares of AK Steel Holding Corporation during the first quarter worth approximately $110,000. Meadow Creek Investment Management LLC boosted its position in shares of AK Steel Holding Corporation by 14.6% in the first quarter. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company’s stock worth $115,000 after buying an additional 2,044 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of AK Steel Holding Corporation during the first quarter worth approximately $128,000. Piedmont Investment Advisors LLC acquired a new position in shares of AK Steel Holding Corporation during the first quarter worth approximately $135,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of AK Steel Holding Corporation during the second quarter worth approximately $135,000. Institutional investors and hedge funds own 76.65% of the company’s stock.

About AK Steel Holding Corporation

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.

Earnings History and Estimates for AK Steel Holding Corporation (NYSE:AKS)

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