Shares of AK Steel Holding Corporation (NYSE:AKS) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.76.

AKS has been the topic of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $9.00 price target on shares of AK Steel Holding Corporation in a research note on Wednesday, September 6th. Zacks Investment Research upgraded AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Macquarie initiated coverage on AK Steel Holding Corporation in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $7.00 price target on the stock. ValuEngine downgraded AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “buy” rating on shares of AK Steel Holding Corporation in a research note on Thursday, July 27th.

AK Steel Holding Corporation (NYSE AKS) traded up $0.13 during trading on Thursday, hitting $4.35. The company’s stock had a trading volume of 19,566,902 shares, compared to its average volume of 19,130,000. The company has a market cap of $1,350.00, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 2.24 and a beta of 2.93. AK Steel Holding Corporation has a twelve month low of $4.05 and a twelve month high of $11.39. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89.

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of AK Steel Holding Corporation by 56.9% in the second quarter. First Trust Advisors LP now owns 377,889 shares of the basic materials company’s stock worth $2,483,000 after purchasing an additional 137,078 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AK Steel Holding Corporation by 3.6% in the second quarter. Northern Trust Corp now owns 3,829,715 shares of the basic materials company’s stock worth $25,160,000 after purchasing an additional 132,062 shares during the last quarter. New Jersey Better Educational Savings Trust bought a new stake in shares of AK Steel Holding Corporation in the third quarter worth about $1,118,000. Cornerstone Financial Partners LLC bought a new stake in shares of AK Steel Holding Corporation in the second quarter worth about $154,000. Finally, Vanguard Group Inc. increased its holdings in shares of AK Steel Holding Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company’s stock worth $266,566,000 after purchasing an additional 2,308,220 shares during the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

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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.

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

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