AK Steel Holding Co. (NYSE:AKS) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.57.
Several research firms have recently commented on AKS. Zacks Investment Research downgraded shares of AK Steel from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Cowen began coverage on shares of AK Steel in a report on Tuesday, January 8th. They set a “market perform” rating and a $2.50 price target on the stock. Longbow Research downgraded shares of AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 price target on the stock. in a report on Wednesday, January 30th. Clarkson Capital downgraded shares of AK Steel from a “buy” rating to a “neutral” rating in a report on Wednesday, January 16th. Finally, TheStreet raised shares of AK Steel from a “d+” rating to a “c-” rating in a report on Thursday, February 21st.
AKS stock opened at $2.73 on Friday. The firm has a market capitalization of $863.52 million, a PE ratio of 4.27, a price-to-earnings-growth ratio of 1.14 and a beta of 2.85. The company has a current ratio of 1.95, a quick ratio of 0.69 and a debt-to-equity ratio of 4.64. AK Steel has a 12 month low of $2.05 and a 12 month high of $5.40.
AK Steel (NYSE:AKS) last released its quarterly earnings data on Monday, January 28th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. AK Steel had a net margin of 2.73% and a return on equity of 54.01%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. On average, research analysts expect that AK Steel will post 0.5 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new position in AK Steel during the fourth quarter valued at $25,000. Claybrook Capital LLC purchased a new position in AK Steel during the fourth quarter valued at $38,000. Magnus Financial Group LLC purchased a new position in AK Steel during the fourth quarter valued at $40,000. Blueshift Asset Management LLC purchased a new position in AK Steel during the fourth quarter valued at $45,000. Finally, Shoker Investment Counsel Inc. lifted its holdings in AK Steel by 42.6% during the fourth quarter. Shoker Investment Counsel Inc. now owns 25,360 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 7,580 shares in the last quarter. 62.25% of the stock is currently owned by hedge funds and other institutional investors.
About AK Steel
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.
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