AK Steel Holding Corporation (AKS) Receiving Somewhat Favorable News Coverage, Study Shows
Headlines about AK Steel Holding Corporation (NYSE:AKS) have been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AK Steel Holding Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.2627403935592 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- AK Steel Holding Corporation (AKS) distanced 26.48% to its 52-Week Low = Most Active – Voice Of Analysts (analystsbuzz.com)
- AK Steel Holding Corp (AKS): Stock Overview – ExpertGazette (expertgazette.com)
- Is the Options Market Predicting a Spike in AK Steel Holding (AKS) Stock? (finance.yahoo.com)
- AK Steel Holding Corporation (AKS) is at $5.61 per share and Altria Group, Inc. (MO) is listed at $62.23 – Stocks Gallery (stocksgallery.com)
- AK Steel Holding Corporation (AKS)- Analysts Detailing with … – NASDAQ Times (nasdaqtimes.com)
Shares of AK Steel Holding Corporation (NYSE AKS) traded down 5.78% during trading on Friday, hitting $5.22. 28,207,445 shares of the stock were exchanged. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.66 and a beta of 2.87. AK Steel Holding Corporation has a 12-month low of $4.38 and a 12-month high of $11.39. The stock’s 50 day moving average is $5.49 and its 200-day moving average is $6.27.
AK Steel Holding Corporation (NYSE:AKS) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities research analysts anticipate that AK Steel Holding Corporation will post $0.53 EPS for the current year.
AKS has been the topic of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and set a $9.00 target price on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Longbow Research upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. BMO Capital Markets set a $7.00 target price on shares of AK Steel Holding Corporation and gave the stock a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research downgraded shares of AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG raised shares of AK Steel Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, June 23rd. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. AK Steel Holding Corporation presently has an average rating of “Hold” and an average target price of $8.46.
About AK Steel Holding Corporation
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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