AK Steel Holding Corp. (NYSE:AKS) has been given a consensus rating of “Hold” by the sixteen brokerages that are covering the company. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $5.65.

Several research analysts have recently commented on the company. 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 report on Wednesday, August 24th. Barclays PLC boosted their price objective on AK Steel Holding Corp. from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Jefferies Group cut their price objective on AK Steel Holding Corp. from $5.50 to $4.50 and set a “hold” rating for the company in a report on Thursday, September 15th. Zacks Investment Research lowered AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Finally, Morgan Stanley reissued a “hold” rating on shares of AK Steel Holding Corp. in a report on Tuesday, August 16th.

Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 1.413% on Wednesday, reaching $4.665. 5,512,152 shares of the company were exchanged. AK Steel Holding Corp. has a 12-month low of $1.64 and a 12-month high of $7.09. The stock’s 50-day moving average is $4.62 and its 200 day moving average is $4.70. The firm’s market capitalization is $1.11 billion.

AK Steel Holding Corp. (NYSE:AKS) last posted its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.10. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. AK Steel Holding Corp. had a negative return on equity of 12.89% and a negative net margin of 2.18%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.36) EPS. On average, analysts forecast 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 business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $6.70, for a total transaction of $180,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of AKS. Metropolitan Life Insurance Co. NY boosted its stake in shares of AK Steel Holding Corp. by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 126,310 shares of the company’s stock valued at $522,000 after buying an additional 530 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of AK Steel Holding Corp. by 0.7% in the second quarter. Sterling Capital Management LLC now owns 160,671 shares of the company’s stock valued at $749,000 after buying an additional 1,073 shares during the last quarter. Raymond James & Associates boosted its stake 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. American International Group Inc. boosted its stake in shares of AK Steel Holding Corp. by 2.7% in the second quarter. American International Group Inc. now owns 176,707 shares of the company’s stock valued at $823,000 after buying an additional 4,716 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of AK Steel Holding Corp. by 18.6% in the second quarter. SG Americas Securities LLC now owns 35,115 shares of the company’s stock valued at $164,000 after buying an additional 5,510 shares during the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

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

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