AK Steel Holding Corp. (NYSE:AKS) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday. The brokerage presently has a $7.45 price objective on the stock. Vetr‘s price objective would suggest a potential downside of 5.82% from the company’s current price.

A number of other brokerages have also recently issued reports on AKS. Morgan Stanley raised shares of AK Steel Holding Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday. Barclays PLC increased their price objective on shares of AK Steel Holding Corp. from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Jefferies Group reduced their price objective on shares of AK Steel Holding Corp. from $5.50 to $4.50 and set a “hold” rating for the company in a research note on Thursday, September 15th. Deutsche Bank AG increased their price objective on shares of AK Steel Holding Corp. from $4.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, October 28th. Finally, Zacks Investment Research cut shares of AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.46.

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

Shares of AK Steel Holding Corp. (NYSE:AKS) opened at 7.91 on Tuesday. The firm has a 50-day moving average of $5.47 and a 200 day moving average of $4.94. AK Steel Holding Corp. has a 1-year low of $1.64 and a 1-year high of $8.28. The company’s market capitalization is $1.88 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, topping the Zacks’ consensus estimate of $0.13 by $0.08. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. AK Steel Holding Corp. had a negative net margin of 1.54% and a negative return on equity of 24.32%. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share. On average, analysts anticipate that AK Steel Holding Corp. will post $0.30 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in AK Steel Holding Corp. during the second quarter valued at about $552,000. Capstone Asset Management Co. raised its stake in shares of AK Steel Holding Corp. by 32.7% in the second quarter. Capstone Asset Management Co. now owns 57,928 shares of the company’s stock worth $270,000 after buying an additional 14,270 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of AK Steel Holding Corp. by 184.2% in the second quarter. BNP Paribas Arbitrage SA now owns 120,929 shares of the company’s stock worth $564,000 after buying an additional 78,379 shares during the last quarter. A.R.T. Advisors LLC raised its stake in shares of AK Steel Holding Corp. by 253.3% in the first quarter. A.R.T. Advisors LLC now owns 525,817 shares of the company’s stock worth $2,171,000 after buying an additional 377,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of AK Steel Holding Corp. during the first quarter worth $2,042,000. Hedge funds and other institutional investors own 59.52% of the company’s stock.

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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