What Analysts Have to Say About AK Steel Holding Corp (AKS)?

Henrietta Strickland
November 14, 2017

AK Steel Holding Corporation (NYSE:AKS) shares were trading higher by 1.2 percent ($0.05) at $4.23 a piece in Saturday's session.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 0.97%, and has a solid year to date (YTD) performance of -16.81% which means that the stock is constantly adding to its value from the previous fiscal year end price. The target price would indicate a possible upside of 16.55 % from company's last price.

Several other research analysts also recently weighed in 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 note on Wednesday, September 6th. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) on Tuesday, October 3 with "Buy" rating.

Shares of AK Steel Holding Corporation (AKS) traded up $0.05 during trading hours on Monday, reaching $4.23. Eleven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock.

AK Steel Holding Corporation (NYSE:AKS) had a decrease of 14.7% in short interest.

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The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! Ak Stl Hldg Corp now has $1.33 billion valuation.

United States Steel Corporation (NYSE:X) issued an update on its FY17 earnings guidance on Tuesday morning.

A good way of assessing a public company's profitability is by looking at its Earnings per Share (EPS). Metropolitan Life holds 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 212,787 shares. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.47 billion. However the company reported $0.14 earnings per share for the same quarter during past year. The business's revenue was up 20.9% compared to the same quarter last year. analysts anticipate that United States Steel Corporation will post 1.8 earnings per share for the current fiscal year.

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In the market the company is trading up by 1.08% percent from yesterday's close. The stock was acquired at an average cost of $25.16 per share, with a total value of $25,160.00.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insider ownership increased by a total of 45900 shares, which suggests that AKS's key executives are feeling more optimistic about the outlook for the stock. Days to cover decreased -3.0 to 2.0 and the percentage of shorted shares is 0.16% as of October 31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 64,597 shares of company stock valued at $1,764,452. Capstone Asset Management Co. now owns 58,938 shares of the company's stock valued at $285,000 after buying an additional 1,010 shares in the last quarter. Jpmorgan Chase And Communication has invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Raymond James & Associates now owns 30,628 shares of the company's stock valued at $143,000 after buying an additional 1,386 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in AK Steel Holding Corporation by 90.8% during the 3rd quarter. Capstone Asset Management Co. increased its position in shares of AK Steel Holding Corp.by 1.7% in the third quarter.

United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th.

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