Somewhat Positive Media Coverage Somewhat Unlikely to Impact AK Steel Holding Corporation (AKS) Share Price
Press coverage about AK Steel Holding Corporation (NYSE:AKS) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AK Steel Holding Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.9020925627735 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- AK STEEL HOLDING CORP : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K) (4-traders.com)
- BRIEF-AK Steel Holding enters into an amended and restated $1.35 billion secured revolving credit facility (reuters.com)
- AK Steel Holding Corporation (AKS) has a value of $5.61 per share While Banco Macro SA (BMA) is stand at $103.44 – Stocks Gallery (stocksgallery.com)
- is spangling Stock AK Steel Holding Corporation (NYSE:AKS), Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS … – Market Breaking Point (press release) (journalfinance.net)
- Notable Movers- AK Steel Holding Corporation (NYSE:AKS) – Market Breaking Point (press release) (journalfinance.net)
AK Steel Holding Corporation (NYSE AKS) traded down 0.89% during trading on Friday, reaching $5.56. The company’s stock had a trading volume of 16,046,249 shares. The company has a market capitalization of $1.75 billion, a P/E ratio of 14.55 and a beta of 2.87. The firm’s 50-day moving average price is $5.49 and its 200 day moving average price is $6.34. AK Steel Holding Corporation has a 12-month low of $4.22 and a 12-month high of $11.39.
AK Steel Holding Corporation (NYSE:AKS) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. AK Steel Holding Corporation’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts predict that AK Steel Holding Corporation will post $0.53 earnings per share for the current fiscal year.
Several brokerages have weighed in on AKS. Deutsche Bank AG reiterated a “buy” rating and issued a $10.00 price objective on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Macquarie began coverage on AK Steel Holding Corporation in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $7.00 price objective for the company. Bank of America Corporation reiterated a “buy” rating and issued a $9.00 price objective on shares of AK Steel Holding Corporation in a research report on Wednesday, September 6th. Barclays PLC restated an “equal weight” rating and set a $7.00 target price (down previously from $8.00) on shares of AK Steel Holding Corporation in a report on Wednesday, August 9th. Finally, ValuEngine upgraded AK Steel Holding Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. AK Steel Holding Corporation has a consensus rating of “Buy” and an average target price of $8.46.
AK Steel Holding Corporation Company Profile
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.
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