AK Steel Holding Corporation (AKS) Receiving Somewhat Positive News Coverage, Study Shows
Media coverage about AK Steel Holding Corporation (NYSE:AKS) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news 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 media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.713871898848 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- AK Steel : Changes Surcharge for Stainless Steel Products (4-traders.com)
- Investors Alert on AK Steel Holding Corporation (AKS) – Wall Street Morning (wallstreetmorning.com)
- Is It Too Late to Get in on This Millionaire-Maker Stock? – Motley Fool (fool.com)
- Unusual Gainer Making Charming Facts: AK Steel Holding Corporation (NYSE:AKS) – NASDAQ Times (nasdaqtimes.com)
- AK Steel (AKS) Poised on Strategic Actions Amid Headwinds – Nasdaq (nasdaq.com)
AK Steel Holding Corporation (NYSE:AKS) traded up 0.75% on Wednesday, hitting $5.40. The stock had a trading volume of 5,768,724 shares. The company’s 50 day moving average is $5.57 and its 200-day moving average is $6.02. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.36 and a beta of 2.91. AK Steel Holding Corporation has a 1-year low of $4.47 and a 1-year high of $11.39.
AK Steel Holding Corporation (NYSE:AKS) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. AK Steel Holding Corporation’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, analysts forecast that AK Steel Holding Corporation will post $0.51 EPS for the current year.
Several research analysts have issued reports on AKS shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $10.00 price objective on shares of AK Steel Holding Corporation in a report on Thursday, July 6th. Macquarie started coverage on AK Steel Holding Corporation in a report on Wednesday, September 6th. They set an “outperform” rating and a $7.00 price objective on the stock. Bank of America Corporation reaffirmed a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating on shares of AK Steel Holding Corporation in a report on Monday, September 18th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $7.00 price objective (down previously from $8.00) on shares of AK Steel Holding Corporation in a report on Wednesday, August 9th. 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $8.28.
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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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