AK Steel Holding Corporation (NYSE:AKS)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a $7.00 target price on the basic materials company’s stock. BMO Capital Markets’ price target points to a potential upside of 21.32% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and set a $9.00 target price on shares of AK Steel Holding Corporation in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Macquarie started coverage on shares of AK Steel Holding Corporation in a research report on Wednesday, September 6th. They set an “outperform” rating and a $7.00 target price for the company. Deutsche Bank AG reissued a “buy” rating and set a $10.00 target price on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Finally, ValuEngine downgraded shares of AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.28.

AK Steel Holding Corporation (AKS) opened at 5.77 on Thursday. The company has a 50 day moving average of $5.55 and a 200-day moving average of $6.09. AK Steel Holding Corporation has a one year low of $4.42 and a one year high of $11.39. The firm has a market cap of $1.82 billion, a PE ratio of 15.10 and a beta of 2.91.

AK Steel Holding Corporation (NYSE:AKS) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. The firm 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 was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities research analysts predict that AK Steel Holding Corporation will post $0.52 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in AKS. Russell Investments Group Ltd. boosted its stake in shares of AK Steel Holding Corporation by 78.2% during the 1st quarter. Russell Investments Group Ltd. now owns 130,991 shares of the basic materials company’s stock valued at $942,000 after buying an additional 57,482 shares during the last quarter. US Bancorp DE boosted its stake in shares of AK Steel Holding Corporation by 3,628.0% during the 1st quarter. US Bancorp DE now owns 56,144 shares of the basic materials company’s stock valued at $404,000 after buying an additional 54,638 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AK Steel Holding Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,191,130 shares of the basic materials company’s stock valued at $30,135,000 after buying an additional 202,447 shares during the last quarter. Swiss National Bank boosted its stake in shares of AK Steel Holding Corporation by 4.5% during the 1st quarter. Swiss National Bank now owns 515,900 shares of the basic materials company’s stock valued at $3,709,000 after buying an additional 22,000 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of AK Steel Holding Corporation by 1.4% during the 1st quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company’s stock valued at $144,000 after buying an additional 283 shares during the last quarter. Institutional investors own 73.06% of the company’s stock.

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.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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