Vetr lowered shares of AK Steel Holding Corp. (NYSE:AKS) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning. They currently have $6.22 price objective on the stock.

AKS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of AK Steel Holding Corp. from a hold rating to a buy rating and set a $5.25 price target on the stock in a report on Wednesday, October 19th. KeyCorp cut shares of AK Steel Holding Corp. from a sector weight rating to an underweight rating and cut their price target for the stock from $5.15 to $4.00 in a report on Friday, August 19th. Deutsche Bank AG upgraded shares of AK Steel Holding Corp. from a sell rating to a hold rating and upped their price target for the stock from $1.64 to $4.83 in a report on Monday, October 3rd. Cowen and Company upped their price target on shares of AK Steel Holding Corp. from $7.00 to $8.00 and gave the stock a market perform rating in a report on Wednesday, October 26th. Finally, TheStreet cut shares of AK Steel Holding Corp. from a hold rating to a sell rating in a report on Monday, August 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $6.11.

AK Steel Holding Corp. (NYSE:AKS) opened at 6.91 on Monday. The firm has a 50-day moving average of $5.06 and a 200 day moving average of $4.83. AK Steel Holding Corp. has a one year low of $1.64 and a one year high of $7.09. The stock’s market capitalization is $1.65 billion.

AK Steel Holding Corp. (NYSE:AKS) last announced its earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.08. AK Steel Holding Corp. had a negative net margin of 1.54% and a negative return on equity of 24.32%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. On average, equities research analysts anticipate that AK Steel Holding Corp. will post $0.30 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in AK Steel Holding Corp. by 61.5% in the first quarter. BlackRock Inc. now owns 24,495 shares of the company’s stock worth $101,000 after buying an additional 9,327 shares in the last quarter. SG Americas Securities LLC boosted its stake in 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 worth $164,000 after buying an additional 5,510 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in AK Steel Holding Corp. during the second quarter worth about $618,000. Prudential Financial Inc. boosted its stake in AK Steel Holding Corp. by 4.1% in the first quarter. Prudential Financial Inc. now owns 422,629 shares of the company’s stock worth $1,745,000 after buying an additional 16,600 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in AK Steel Holding Corp. by 1,152.6% in the second quarter. Acrospire Investment Management LLC now owns 53,862 shares of the company’s stock worth $251,000 after buying an additional 49,562 shares in the last quarter. 68.54% 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

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