AK Steel Holding Corp. (NYSE:AKS) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday.

AKS has been the subject of a number of other research reports. Bank of America Corp. raised shares of AK Steel Holding Corp. from an “underperform” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, October 26th. Vetr lowered shares of AK Steel Holding Corp. from a “sell” rating to a “strong sell” rating and set a $6.36 price objective for the company. in a report on Monday. Zacks Investment Research raised shares of AK Steel Holding Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Wednesday, October 19th. Cowen and Company upped their price objective on shares of AK Steel Holding Corp. from $7.00 to $8.00 and gave the company a “market perform” rating in a report on Wednesday, October 26th. Finally, KeyCorp lowered shares of AK Steel Holding Corp. from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $5.15 to $4.00 in a report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. AK Steel Holding Corp. has an average rating of “Hold” and a consensus target price of $6.46.

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

AK Steel Holding Corp. (NYSE:AKS) opened at 7.925 on Monday. The firm’s 50-day moving average is $5.21 and its 200-day moving average is $4.87. AK Steel Holding Corp. has a 52-week low of $1.64 and a 52-week high of $7.97. The stock’s market cap is $1.89 billion.

AK Steel Holding Corp. (NYSE:AKS) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $0.04 earnings per share. AK Steel Holding Corp.’s quarterly revenue was down 15.0% on a year-over-year basis. Equities research analysts predict that AK Steel Holding Corp. will post $0.30 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of AK Steel Holding Corp. by 61.5% in the first quarter. BlackRock Inc. now owns 24,495 shares of the company’s stock valued at $101,000 after buying an additional 9,327 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of AK Steel Holding Corp. during the third quarter valued at approximately $106,000. Wedbush Securities Inc. bought a new position in shares of AK Steel Holding Corp. during the third quarter valued at approximately $120,000. Hsbc Holdings PLC raised its position in shares of AK Steel Holding Corp. by 15.9% in the third quarter. Hsbc Holdings PLC now owns 27,990 shares of the company’s stock valued at $135,000 after buying an additional 3,843 shares in the last quarter. Finally, PineBridge Investments L.P. raised its position in shares of AK Steel Holding Corp. by 41.7% in the second quarter. PineBridge Investments L.P. now owns 30,205 shares of the company’s stock valued at $141,000 after buying an additional 8,896 shares in the last quarter. Institutional investors own 59.52% of the company’s stock.

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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