AK Steel Holding Corp. (NYSE:AKS) – Equities research analysts at KeyCorp boosted their FY2017 earnings per share estimates for AK Steel Holding Corp. in a research report issued on Wednesday. KeyCorp analyst P. Gibbs now anticipates that the brokerage will post earnings of $0.80 per share for the year, up from their prior forecast of $0.75. KeyCorp currently has a “Underweight” rating and a $4.00 price target on the stock.

AK Steel Holding Corp. (NYSE:AKS) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.08. The business earned $1.45 billion during the quarter, compared to analyst estimates 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 business’s revenue was down 15.0% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS.

Earnings History and Estimates for AK Steel Holding Corp. (NYSE:AKS)

Several other analysts have also recently commented on AKS. Cowen and Company raised their price target on shares of 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 raised their price target on shares of 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. raised their price target on shares of 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 raised their price target on shares of 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 restated a “hold” rating on shares of AK Steel Holding Corp. in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.46.

AK Steel Holding Corp. (NYSE:AKS) traded up 0.25% during midday trading on Friday, reaching $8.02. 11,054,356 shares of the company were exchanged. The firm’s 50-day moving average is $5.55 and its 200-day moving average is $4.96. AK Steel Holding Corp. has a one year low of $1.64 and a one year high of $8.28. The firm’s market cap is $1.91 billion.

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AK Steel Holding Corp. by 76.0% in the second quarter. Vanguard Group Inc. now owns 25,910,412 shares of the company’s stock worth $120,742,000 after buying an additional 11,192,363 shares during the period. Anchor Bolt Capital LP acquired a new stake in shares of AK Steel Holding Corp. during the second quarter valued at about $21,206,000. JPMorgan Chase & Co. raised its stake in shares of AK Steel Holding Corp. by 395.7% in the third quarter. JPMorgan Chase & Co. now owns 5,307,865 shares of the company’s stock valued at $25,637,000 after buying an additional 4,237,133 shares during the period. BlackRock Fund Advisors raised its stake in shares of AK Steel Holding Corp. by 38.4% in the second quarter. BlackRock Fund Advisors now owns 15,281,224 shares of the company’s stock valued at $71,211,000 after buying an additional 4,235,960 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of AK Steel Holding Corp. during the third quarter valued at about $19,565,000. 59.52% 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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