Somewhat Favorable Media Coverage Somewhat Unlikely to Affect AK Steel (AKS) Stock Price
News articles about AK Steel (NYSE:AKS) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AK Steel earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.7446050489579 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Global Stainless Steel Market 2018 by Manufacturers – Tisco, AK Steel, POSCO, NSSMC, ThyssenKrupp, Baosteel, HBIS (truthtoday24.com)
- Calculate P/E Before Making Any Investment Decision – AK Steel Holding Corporation (NYSE: AKS) (stocksmarketcap.com)
- Hot Stock That Must Be in Your Portfolio: AK Steel Holding Corporation (NYSE: AKS) (alphabetastock.com)
- Oriented Silicon Steel Market Key Driver: Ansteel group, Shougang, AK Steel, JFE, POSCO, ArcelorMittal (thefinancialconsulting.com)
- Fast-Moving Stocks: AK Steel Holding Corporation (NYSE:AKS), BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) (thestreetpoint.com)
Shares of AKS opened at $4.47 on Friday. The firm has a market capitalization of $1,415.62, a price-to-earnings ratio of 14.42, a PEG ratio of 1.42 and a beta of 2.89. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.69 and a current ratio of 1.83. AK Steel has a 52 week low of $4.00 and a 52 week high of $7.54.
AKS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded AK Steel from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Monday, January 8th. Longbow Research upgraded AK Steel from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.53 to $7.00 in a research report on Wednesday, December 20th. Goldman Sachs initiated coverage on AK Steel in a research report on Tuesday, March 20th. They set a “neutral” rating and a $6.00 price target on the stock. Bank of America lowered AK Steel from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $8.00 to $5.50 in a research report on Wednesday, January 31st. Finally, Cowen restated a “hold” rating and set a $7.00 price target on shares of AK Steel in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.65.
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AK Steel Company Profile
AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.
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