Analysts Set AK Steel Holding Co. (AKS) PT at $3.13

Shares of AK Steel Holding Co. (NYSE:AKS) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.13.

AKS has been the topic of a number of research analyst reports. Longbow Research lowered shares of AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 target price on the stock. in a research note on Wednesday, January 30th. Zacks Investment Research cut shares of AK Steel from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Macquarie lowered shares of AK Steel from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research report on Tuesday, January 29th. Morgan Stanley downgraded shares of AK Steel from an “overweight” rating to an “equal weight” rating and set a $2.80 price target on the stock. in a research note on Monday, January 28th. Finally, TheStreet upgraded shares of AK Steel from a “d+” rating to a “c-” rating in a research note on Thursday, February 21st.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of AK Steel during the fourth quarter worth about $25,000. Convergence Investment Partners LLC purchased a new position in shares of AK Steel during the first quarter worth about $30,000. Janney Montgomery Scott LLC purchased a new position in shares of AK Steel during the first quarter worth about $33,000. Claybrook Capital LLC purchased a new position in shares of AK Steel during the fourth quarter worth about $38,000. Finally, Magnus Financial Group LLC purchased a new position in shares of AK Steel during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 62.66% of the company’s stock.

NYSE:AKS traded down $0.01 on Monday, reaching $2.43. The stock had a trading volume of 48,490 shares, compared to its average volume of 9,446,342. The stock has a market cap of $771.88 million, a P/E ratio of 3.78, a PEG ratio of 1.09 and a beta of 2.73. The company has a debt-to-equity ratio of 4.74, a current ratio of 2.05 and a quick ratio of 0.78. AK Steel has a 12-month low of $2.05 and a 12-month high of $5.40.

AK Steel (NYSE:AKS) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.13 by $0.10. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.75 billion. AK Steel had a net margin of 2.23% and a return on equity of 61.44%. AK Steel’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. As a group, equities analysts expect that AK Steel will post 0.47 earnings per share for the current year.

AK Steel Company Profile

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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Analyst Recommendations for AK Steel (NYSE:AKS)

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