AK Steel Holding Corp. (AKS) Stock Price Down 4%
AK Steel Holding Corp. (NYSE:AKS) shares fell 4% during trading on Monday . The stock traded as low as $5.28 and last traded at $5.29, with a volume of 12,142,548 shares. The stock had previously closed at $5.51.
Several brokerages have recently commented on AKS. Jefferies Group restated a “hold” rating and set a $4.25 price target on shares of AK Steel Holding Corp. in a research note on Friday, April 29th. Cowen and Company restated a “market perform” rating and set a $5.00 price target (up previously from $3.00) on shares of AK Steel Holding Corp. in a research note on Wednesday, April 27th. Zacks Investment Research upgraded shares of AK Steel Holding Corp. from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Tuesday, June 28th. TheStreet upgraded shares of AK Steel Holding Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Deutsche Bank AG restated a “sell” rating on shares of AK Steel Holding Corp. in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. AK Steel Holding Corp. currently has an average rating of “Hold” and a consensus price target of $4.28.
The firm’s market capitalization is $966.77 million. The company has a 50-day moving average price of $4.96 and a 200-day moving average price of $3.86.
An institutional investor recently raised its position in AK Steel Holding Corp. stock. Royce & Associates LLC increased its position 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 fund owned 1,735,609 shares of the company’s stock after buying an additional 45,000 shares during the period. Royce & Associates LLC owned about 0.98% of AK Steel Holding Corp. worth $3,888,000 at the end of the most recent quarter.
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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