AK Steel Holding Corp. (NYSE:AKS) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $8.50 to $11.00 in a report issued on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 20.48% from the stock’s previous close.

A number of other research analysts have also recently weighed in on AKS. Barclays PLC raised 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. Morgan Stanley reissued a “hold” rating on shares of AK Steel Holding Corp. in a research note on Tuesday, August 16th. 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. KeyCorp cut shares of AK Steel Holding Corp. from a “sector weight” rating to an “underweight” rating and lowered their target price for the stock from $5.15 to $4.00 in a research note on Friday, August 19th. Finally, Citigroup Inc. assumed coverage on shares of AK Steel Holding Corp. in a research note on Monday, August 22nd. They issued a “neutral” rating and a $5.40 target price for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. AK Steel Holding Corp. currently has a consensus rating of “Hold” and a consensus target price of $6.86.

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

AK Steel Holding Corp. (NYSE:AKS) opened at 9.13 on Wednesday. The firm’s 50-day moving average price is $6.26 and its 200-day moving average price is $5.19. AK Steel Holding Corp. has a 1-year low of $1.64 and a 1-year high of $9.50. The firm’s market capitalization is $1.63 billion.

AK Steel Holding Corp. (NYSE:AKS) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.21 earnings per share for the quarter, topping 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 business earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $0.04 EPS. The company’s revenue was down 15.0% on a year-over-year basis. On average, equities research analysts predict that AK Steel Holding Corp. will post $0.31 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in AK Steel Holding Corp. by 22.4% in the second quarter. Bank of New York Mellon Corp now owns 3,109,189 shares of the company’s stock valued at $14,488,000 after buying an additional 569,621 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of AK Steel Holding Corp. during the second quarter worth $287,000. LMR Partners LLP bought a new stake in shares of AK Steel Holding Corp. during the second quarter worth $1,296,000. Lucus Advisors LLC bought a new stake in shares of AK Steel Holding Corp. during the second quarter worth $362,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of AK Steel Holding Corp. by 33.5% in the second quarter. Louisiana State Employees Retirement System now owns 105,500 shares of the company’s stock worth $492,000 after buying an additional 26,500 shares in the last quarter. Hedge funds and other institutional investors own 59.14% 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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