AK Steel Holding Corp. (AKS) Shares Down 1.1%
AK Steel Holding Corp. (NYSE:AKS)’s share price traded down 1.1% during trading on Monday . The stock traded as low as $4.32 and last traded at $4.35, with a volume of 7,281,500 shares changing hands. The stock had previously closed at $4.40.
Several equities analysts have commented on the stock. TheStreet cut shares of AK Steel Holding Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Vetr upgraded shares of 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. Rosenblatt Securities began coverage on shares of AK Steel Holding Corp. in a research report on Monday, August 22nd. They set a “buy” rating and a $6.00 price objective for the company. Citigroup Inc. began coverage on shares of AK Steel Holding Corp. in a research report on Monday, August 22nd. They set a “neutral” rating and a $5.40 price objective for the company. Finally, KeyCorp lowered shares of AK Steel Holding Corp. from a “sector weight” rating to an “underweight” rating and reduced their price objective for the company from $5.15 to $4.00 in a research report on Friday, August 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.11.
The firm’s 50-day moving average is $5.39 and its 200 day moving average is $4.49. The firm’s market cap is $1.04 billion.
AK Steel Holding Corp. (NYSE:AKS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. During the same period last year, the company earned ($0.36) earnings per share. The company earned $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. The business’s revenue was down 11.7% compared to the same quarter last year. On average, equities research analysts expect that AK Steel Holding Corp. will post $0.32 EPS for the current year.
In other news, Director Vicente Wright sold 27,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $6.70, for a total value of $180,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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