AK Steel Holding Co. (NYSE:AKS) – KeyCorp upped their FY2017 EPS estimates for shares of AK Steel in a research note issued on Thursday. KeyCorp analyst P. Gibbs now expects that the basic materials company will earn $0.28 per share for the year, up from their prior estimate of $0.25. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for AK Steel’s Q4 2017 earnings at ($0.09) EPS and FY2018 earnings at $0.85 EPS.

A number of other research analysts have also commented on the company. Jefferies Group lowered AK Steel from a “buy” rating to a “hold” rating and cut their target price for the company from $6.64 to $6.50 in a research note on Tuesday, January 9th. Zacks Investment Research upgraded AK Steel from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Monday, January 8th. Cowen restated a “hold” rating and issued a $7.00 target price on shares of AK Steel in a research note on Thursday, January 4th. Longbow Research upgraded AK Steel from a “neutral” rating to a “buy” rating and upped their target price for the company from $5.53 to $7.00 in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. upgraded AK Steel from a “neutral” rating to an “overweight” rating and upped their target price for the company from $6.00 to $7.00 in a research note on Thursday, December 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.54.

AK Steel (NYSE AKS) opened at $6.19 on Monday. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75. The company has a market capitalization of $1,950.00, a price-to-earnings ratio of 41.27, a P/E/G ratio of 1.54 and a beta of 2.90. AK Steel has a 12 month low of $4.00 and a 12 month high of $10.26.

AK Steel (NYSE:AKS) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). AK Steel had a net margin of 0.92% and a return on equity of 140.37%.

Institutional investors have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC raised its stake in AK Steel by 12,352.2% during the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock worth $1,909,000 after acquiring an additional 14,205 shares in the last quarter. Riverhead Capital Management LLC raised its stake in AK Steel by 74.4% during the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 7,516 shares in the last quarter. Crow Point Partners LLC acquired a new position in AK Steel during the fourth quarter worth $110,000. MML Investors Services LLC acquired a new position in AK Steel during the second quarter worth $141,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in AK Steel by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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AK Steel Company Profile

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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