AK Steel Holding Co. (NYSE:AKS) was the target of some unusual options trading on Tuesday. Stock traders acquired 19,759 put options on the company. This represents an increase of approximately 852% compared to the typical volume of 2,076 put options.
Several equities research analysts recently issued reports on the company. Longbow Research reissued a “neutral” rating on shares of AK Steel in a research note on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of AK Steel in a research note on Tuesday, September 19th. Credit Suisse Group raised AK Steel from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $6.00 to $7.00 in a research note on Tuesday, November 21st. Macquarie assumed coverage on AK Steel in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $7.00 price objective for the company. Finally, raised AK Steel from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 21st. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. AK Steel presently has an average rating of “Buy” and a consensus target price of $7.46.
Shares of AK Steel (AKS) opened at $5.28 on Friday. AK Steel has a one year low of $4.00 and a one year high of $11.28. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92. The firm has a market capitalization of $1,678.30, a PE ratio of 8.20, a PEG ratio of 4.29 and a beta of 2.89.
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About AK Steel
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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