AK Steel Holding Corp. (NYSE:AKS) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday. They presently have a $6.36 target price on the stock. Vetr‘s target price would indicate a potential downside of 21.19% from the stock’s previous close.

Several other analysts have also issued reports on AKS. Cowen and Company upped their target price on AK Steel Holding Corp. from $5.00 to $7.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Jefferies Group upped their target price on AK Steel Holding Corp. from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. upped their target price on AK Steel Holding Corp. from $6.00 to $8.50 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Barclays PLC upped their target price 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. Finally, Morgan Stanley reiterated a “hold” rating on shares of AK Steel Holding Corp. in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.46.

Analyst Recommendations for AK Steel Holding Corp. (NYSE:AKS)

Shares of AK Steel Holding Corp. (NYSE:AKS) opened at 7.9207 on Monday. AK Steel Holding Corp. has a 12 month low of $1.64 and a 12 month high of $7.97. The firm has a 50 day moving average price of $5.21 and a 200-day moving average price of $4.87. The company’s market cap is $1.89 billion.

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

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in AK Steel Holding Corp. by 418.7% in the third quarter. Jane Street Group LLC now owns 208,452 shares of the company’s stock valued at $1,007,000 after buying an additional 168,268 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of AK Steel Holding Corp. by 7.1% in the third quarter. Panagora Asset Management Inc. now owns 1,713,526 shares of the company’s stock worth $8,276,000 after buying an additional 113,166 shares in the last quarter. Clinton Group Inc. increased its stake in shares of AK Steel Holding Corp. by 117.5% in the third quarter. Clinton Group Inc. now owns 208,318 shares of the company’s stock worth $1,006,000 after buying an additional 112,531 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of AK Steel Holding Corp. during the third quarter worth about $782,000. Finally, Two Sigma Securities LLC increased its stake in shares of AK Steel Holding Corp. by 330.8% in the third quarter. Two Sigma Securities LLC now owns 45,877 shares of the company’s stock worth $222,000 after buying an additional 35,227 shares in the last quarter. 59.52% of the stock is currently owned by institutional investors.

About AK Steel Holding Corp.

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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