AK Steel Holding Corp. (AKS) Trading 3.9% Higher
Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 3.9% during mid-day trading on Monday . The stock traded as high as $5.84 and last traded at $5.82, with a volume of 10,657,096 shares changing hands. The stock had previously closed at $5.60.
Several analysts have issued reports on the company. Jefferies Group lifted their price target on AK Steel Holding Corp. from $4.25 to $5.00 and gave the company a “hold” rating in a research note on Friday, June 10th. Zacks Investment Research downgraded AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Bank of America Corp. reissued a “sell” rating on shares of AK Steel Holding Corp. in a research note on Thursday, June 16th. TheStreet raised AK Steel Holding Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Barclays PLC lifted their target price on AK Steel Holding Corp. from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.28.
The stock has a 50 day moving average price of $4.82 and a 200 day moving average price of $3.76. The stock’s market capitalization is $1.04 billion.
AK Steel Holding Corp. (NYSE:AKS) last posted its quarterly earnings data on Tuesday, April 26th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The firm earned $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted ($0.28) EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis. On average, equities analysts expect that AK Steel Holding Corp. will post $0.22 EPS for the current year.
A hedge fund recently raised its stake in AK Steel Holding Corp. stock. Royce & Associates LLC boosted its stake in shares of AK Steel Holding Corp. (NYSE:AKS) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,735,609 shares of the company’s stock after buying an additional 45,000 shares during the period. Royce & Associates LLC owned 0.98% of AK Steel Holding Corp. worth $3,888,000 as of its most recent filing with the SEC.
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.
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