AK Steel Holding Co. (NYSE:AKS) has earned a consensus rating of “Buy” from the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.70.

Several equities research analysts have recently issued reports on AKS shares. Jefferies Group reiterated a “buy” rating on shares of AK Steel in a report on Friday, November 10th. Longbow Research upgraded AK Steel from a “neutral” rating to a “buy” rating and lifted their price target for the company from $5.53 to $7.00 in a report on Wednesday, December 20th. Zacks Investment Research upgraded AK Steel from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Monday, January 8th. TheStreet lowered AK Steel from a “c” rating to a “d+” rating in a report on Tuesday, October 31st. Finally, KeyCorp restated a “hold” rating on shares of AK Steel in a report on Tuesday, September 19th.

Shares of AK Steel (NYSE AKS) traded up $0.22 during trading on Tuesday, hitting $6.41. The stock had a trading volume of 3,026,608 shares, compared to its average volume of 22,726,389. The firm has a market cap of $1,950.00, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 1.48 and a beta of 2.90. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89. AK Steel has a fifty-two week low of $4.00 and a fifty-two week high of $10.26.

AK Steel (NYSE:AKS) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). AK Steel had a net margin of 0.92% and a return on equity of 140.37%. equities research analysts predict that AK Steel will post 0.26 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of AKS. Schwab Charles Investment Management Inc. increased its position in AK Steel by 14.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,733,785 shares of the basic materials company’s stock worth $11,391,000 after buying an additional 223,432 shares during the period. State Board of Administration of Florida Retirement System increased its position in AK Steel by 36.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 156,436 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 41,484 shares during the period. Swiss National Bank increased its position in AK Steel by 2.7% in the 2nd quarter. Swiss National Bank now owns 530,000 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 14,100 shares during the period. JPMorgan Chase & Co. increased its position in AK Steel by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,458,105 shares of the basic materials company’s stock worth $29,290,000 after buying an additional 166,605 shares during the period. Finally, Alliancebernstein L.P. increased its position in AK Steel by 35.1% in the 2nd quarter. Alliancebernstein L.P. now owns 749,007 shares of the basic materials company’s stock worth $4,921,000 after buying an additional 194,678 shares during the period. 65.25% of the stock is currently owned by institutional investors.

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AK Steel 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 (NYSE:AKS)

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