AK Steel Holding Corp. (NYSE:AKS) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They presently have a $9.00 price objective on the stock, down from their previous price objective of $9.10. Macquarie’s price objective would suggest a potential downside of 1.42% from the company’s previous close.

A number of other analysts have also commented on the company. Zacks Investment Research raised AK Steel Holding Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Wednesday, October 19th. KeyCorp lowered AK Steel Holding Corp. from a “sector weight” rating to an “underweight” rating and lowered their price objective for the company from $5.15 to $4.00 in a research report on Friday, August 19th. Vetr raised AK Steel Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $5.78 price objective for the company in a research report on Wednesday, August 24th. Morgan Stanley raised AK Steel Holding Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 14th. Finally, Deutsche Bank AG raised AK Steel Holding Corp. from a “sell” rating to a “hold” rating and raised their price objective for the company from $1.64 to $4.83 in a research report on Monday, October 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.86.

Analyst Recommendations for AK Steel Holding Corp. (NYSE:AKS)

Shares of AK Steel Holding Corp. (NYSE:AKS) opened at 9.13 on Tuesday. AK Steel Holding Corp. has a 1-year low of $1.64 and a 1-year high of $9.50. The stock has a 50 day moving average of $6.26 and a 200 day moving average of $5.19. The company’s market cap is $1.63 billion.

AK Steel Holding Corp. (NYSE:AKS) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. AK Steel Holding Corp. had a negative return on equity of 24.32% and a negative net margin of 1.54%. The company earned $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue was down 15.0% on a year-over-year basis. On average, equities analysts forecast that AK Steel Holding Corp. will post $0.31 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “AK Steel Holding Corp. (AKS) Downgraded by Macquarie to Neutral” was originally reported by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this news story can be accessed at http://www.dailypolitical.com/2016/12/01/ak-steel-holding-corp-aks-rating-lowered-to-neutral-at-macquarie.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in AKS. Campbell & CO Investment Adviser LLC purchased a new position in shares of AK Steel Holding Corp. during the third quarter valued at about $106,000. Wedbush Securities Inc. purchased a new position in shares of AK Steel Holding Corp. during the third quarter valued at about $120,000. Hsbc Holdings PLC boosted its position in shares of AK Steel Holding Corp. by 15.9% in the third quarter. Hsbc Holdings PLC now owns 27,990 shares of the company’s stock valued at $135,000 after buying an additional 3,843 shares during the last quarter. PineBridge Investments L.P. boosted its position in shares of AK Steel Holding Corp. by 41.7% in the second quarter. PineBridge Investments L.P. now owns 30,205 shares of the company’s stock valued at $141,000 after buying an additional 8,896 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of AK Steel Holding Corp. by 4.7% in the second quarter. Raymond James & Associates now owns 30,628 shares of the company’s stock valued at $143,000 after buying an additional 1,386 shares during the last quarter. 59.14% of the stock is currently owned by institutional investors and hedge funds.

AK Steel Holding Corp. Company Profile

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.

5 Day Chart for NYSE:AKS

Receive News & Ratings for AK Steel Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.