Revenue Estimates Analysis AK Steel Holding Corporation (AKS)

Marco Green
September 16, 2017

The stock increased 0.45% or $0.13 during the last trading session, reaching $29.32. That's a potential 9.19 gain from where (NYSE:BXS) has been trading recently. It has underperformed by 27.05% the S&P500. On average, equities research analysts forecast that AK Steel Holding Corporation will post $0.53 EPS for the current fiscal year. AK Steel Holding Corporation (AKS) is now moving with downbeat trend. Federated Investors Inc Pa has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Finally, Riverhead Capital Management LLC boosted its position in AK Steel Holding Corporation by 74.4% in the 2nd quarter.

The volume of the particular stock is the shares bought and sold in a single trading day. It has outperformed by 28.84% the S&P500.

What Historical Figures Say About AK Steel Holding Corporation (NYSE:AKS)? Therefore 36% are positive.

AK Steel Holding Corporation (NYSE:AKS) has a beta of 2.89, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Overall, the share price is down -7.96% year to date. BMO Capital Markets has "Hold" rating and $7.0 target. The company was maintained on Thursday, September 15 by Jefferies. The stock of AK Steel Holding Corporation (NYSE:AKS) earned "Sell" rating by UBS on Friday, April 8. As per Thursday, July 30, the company rating was upgraded by JP Morgan. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. This trading sentiment put the stock on Active spotlight.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation. The relative volume of the stock is 1.02, while its market cap is $1.8 Billion. The Firm also operates blast furnaces and electric arc furnaces. This company shares are -6.06% up from its target price of $7.28 and the current market capitalization stands at $31.9B. As of December 31, 2016, its activities 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. Its up 0.35, from 0.97 in 2016Q3. The short interest to AK Steel Holding Corporation's float is 21.99%. 65 funds opened positions while 91 raised stakes. Moreover, Corecommodity Mgmt Llc has 0.17% invested in AK Steel Holding Corporation (NYSE:AKS). AKS trades with a P/S ratio of 0.3. American Interest Grp Inc stated it has 0.01% in AK Steel Holding Corporation (NYSE:AKS). Bluecrest Capital Management Ltd owns 400,000 shares with a value of $2,628,000. Point72 Asset Management, L.p. now holds 300,000 shares worth $1,971,000. State Of Tennessee Treasury Department reported 249,331 shares. Metropolitan Life Ins New York holds 0.02% or 213,260 shares.

Analysts are speculating a 78.25% move, based on the high target price ($10) for the shares that is set to reach in the next 12 months. Currently, 2.94 billion total shares are owned by the public and among those 2.33 billion shares have been available to trade. The portion of a company's profit allocated to each outstanding share of common stock was $4.6 a share in the trailing twelve months. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to "Overweight".

TRADEMARK VIOLATION NOTICE: "United States Steel Corporation (X) Director Murry Gerber Purchases 4,000 Shares" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Analysts have a mean recommendation of 2.50 on this stock.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 20. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 58.3%.

Short traders are feeling a little more bearish of late if you watch the uptick in short interest.

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