AK Steel Holding Co. (AKS) Receives Average Rating of “Hold” from Analysts

AK Steel Holding Co. (NYSE:AKS) has been given an average recommendation of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.60.

A number of research analysts recently issued reports on the company. Goldman Sachs assumed coverage on AK Steel in a report on Tuesday, March 20th. They issued a “neutral” rating and a $6.00 price target for the company. ValuEngine raised AK Steel from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Zacks Investment Research cut AK Steel from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Vetr cut AK Steel from a “strong-buy” rating to a “buy” rating and set a $6.34 price target for the company. in a report on Thursday, March 8th. Finally, Cowen reaffirmed a “hold” rating and issued a $5.50 price target on shares of AK Steel in a report on Wednesday, January 31st.

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Shares of NYSE:AKS opened at $4.53 on Friday. AK Steel has a 52 week low of $4.00 and a 52 week high of $7.70. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.69 and a current ratio of 1.83. The firm has a market capitalization of $1,428.24, a PE ratio of 14.61, a PEG ratio of 1.56 and a beta of 2.74.

AK Steel (NYSE:AKS) last issued its earnings results on Tuesday, January 30th. The basic materials company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.07. AK Steel had a net margin of 0.16% and a return on equity of 71.24%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. sell-side analysts forecast that AK Steel will post 0.58 EPS for the current year.

A number of large investors have recently made changes to their positions in AKS. Crow Point Partners LLC bought a new stake in AK Steel during the 4th quarter worth about $110,000. Delpha Capital Management LLC bought a new stake in AK Steel during the 4th quarter worth about $123,000. Hourglass Capital LLC bought a new stake in shares of AK Steel in the 4th quarter valued at about $133,000. Oppenheimer & Co. Inc. bought a new stake in shares of AK Steel in the 4th quarter valued at about $155,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of AK Steel in the 4th quarter valued at about $174,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

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AK Steel 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.

Analyst Recommendations for AK Steel (NYSE:AKS)

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