AK Steel Holding Corporation (NYSE:AKS)‘s stock had its “market perform” rating reiterated by research analysts at Cowen and Company in a note issued to investors on Monday. They currently have a $4.00 price target on the basic materials company’s stock, down from their prior price target of $6.00. Cowen and Company’s price target would indicate a potential downside of 5.88% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Citigroup Inc. cut their price objective on shares of AK Steel Holding Corporation from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of AK Steel Holding Corporation in a research report on Thursday, November 2nd. TheStreet downgraded shares of AK Steel Holding Corporation from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co cut their price objective on shares of AK Steel Holding Corporation from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Finally, Clarkson Capital downgraded shares of AK Steel Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. AK Steel Holding Corporation presently has an average rating of “Hold” and a consensus target price of $7.56.

AK Steel Holding Corporation (NYSE:AKS) opened at $4.25 on Monday. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75. AK Steel Holding Corporation has a 12-month low of $4.05 and a 12-month high of $11.39. The stock has a market cap of $1,369.59, a P/E ratio of 6.69, a PEG ratio of 2.16 and a beta of 2.93.

WARNING: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/08/ak-steel-holding-corporation-aks-stock-rating-reaffirmed-by-cowen-and-company.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank lifted its stake in AK Steel Holding Corporation by 0.3% during the 1st quarter. Amalgamated Bank now owns 42,206 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 120 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in AK Steel Holding Corporation by 0.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 193 shares during the period. World Asset Management Inc lifted its stake in AK Steel Holding Corporation by 2.5% during the 2nd quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock valued at $134,000 after acquiring an additional 502 shares during the period. Shikiar Asset Management Inc. lifted its stake in AK Steel Holding Corporation by 2.5% during the 2nd quarter. Shikiar Asset Management Inc. now owns 62,500 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 1,500 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in AK Steel Holding Corporation by 2.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 61,271 shares of the basic materials company’s stock valued at $403,000 after acquiring an additional 1,605 shares during the period. Institutional investors and hedge funds own 73.86% of the company’s stock.

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)

Receive News & Stock Ratings for AK Steel Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Corporation and related stocks with our FREE daily email newsletter.