AK Steel Holding Corporation (NYSE:AKS) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $7.78.

AKS has been the subject of a number of recent research reports. Macquarie raised AK Steel Holding Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $7.30 to $8.10 in a research report on Monday, April 24th. Cowen and Company reduced their price target on AK Steel Holding Corporation from $9.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday, April 27th. TheStreet raised AK Steel Holding Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, April 25th. Jefferies Group LLC reissued 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, Barclays PLC cut their price objective on 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.

Shares of AK Steel Holding Corporation (AKS) opened at 5.25 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 13.74 and a beta of 2.86. AK Steel Holding Corporation has a 12-month low of $3.87 and a 12-month high of $11.39. The company’s 50 day moving average is $5.88 and its 200 day moving average is $6.72.

AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that AK Steel Holding Corporation will post $0.50 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new stake in shares of AK Steel Holding Corporation during the first quarter valued at about $110,000. Meadow Creek Investment Management LLC increased its stake 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 valued at $115,000 after buying an additional 2,044 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of AK Steel Holding Corporation by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock valued at $116,000 after buying an additional 4,573 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of AK Steel Holding Corporation by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after buying an additional 7,516 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of AK Steel Holding Corporation during the first quarter valued at about $128,000. 77.75% 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.

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

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