AK Steel Holding Corp. (NYSE:AKS) was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday. They presently have a $7.45 price objective on the stock. Vetr‘s target price suggests a potential downside of 16.20% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities initiated coverage on shares of AK Steel Holding Corp. in a research report on Monday, August 22nd. They issued a “buy” rating and a $6.00 price objective on the stock. Credit Suisse Group AG set a $8.00 price objective on shares of AK Steel Holding Corp. and gave the company a “buy” rating in a research report on Saturday, October 8th. 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 on the stock in a research report on Wednesday, October 19th. Bank of America Corp. raised shares of AK Steel Holding Corp. from an “underperform” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, October 26th. Finally, Jefferies Group raised shares of AK Steel Holding Corp. from a “hold” rating to a “buy” rating and increased their target price for the company from $4.50 to $6.25 in a research report on Friday, October 28th. Three 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 company currently has a consensus 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) traded up 10.71% on Tuesday, reaching $8.89. 32,617,517 shares of the company were exchanged. The stock’s market capitalization is $2.12 billion. AK Steel Holding Corp. has a 52 week low of $1.64 and a 52 week high of $8.98. The stock has a 50-day moving average price of $5.83 and a 200 day moving average price of $5.05.

AK Steel Holding Corp. (NYSE:AKS) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.21 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $0.04 EPS. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. Analysts forecast that AK Steel Holding Corp. will post $0.30 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in AKS. Jane Street Group LLC boosted its stake 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 period. Panagora Asset Management Inc. boosted its stake in 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 valued at $8,276,000 after buying an additional 113,166 shares during the period. Clinton Group Inc. boosted its stake in AK Steel Holding Corp. by 117.5% in the third quarter. Clinton Group Inc. now owns 208,318 shares of the company’s stock valued at $1,006,000 after buying an additional 112,531 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in AK Steel Holding Corp. during the third quarter valued at approximately $782,000. Finally, Two Sigma Securities LLC boosted its stake in 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 valued at $222,000 after buying an additional 35,227 shares during the period. Institutional investors own 56.63% of the company’s stock.

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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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