Cowen and Company cut their price objective on shares of AK Steel Holding Corp. (NYSE:AKS) from $4.25 to $4.15 in a research note issued on Friday, Analyst Ratings.Net reports. Cowen and Company’s price objective indicates a potential upside of 5.33% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Wellington Shields initiated coverage on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Wednesday, September 4th. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Monday, August 12th. They now have a $3.75 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of AK Steel Holding Corp. (NYSE:AKS) in a research note to investors on Wednesday, July 24th. They now have a $3.00 price target on the stock.
Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. AK Steel Holding Corp. has a consensus rating of “Hold” and a consensus target price of $4.62.
Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 1.02% on Friday, hitting $3.98. 4,515,500 shares of the company’s stock traded hands. AK Steel Holding Corp. has a one year low of $2.76 and a one year high of $6.73. The stock’s 50-day moving average is $3.52 and its 200-day moving average is $3.3. The company’s market cap is $542.6 million.
AK Steel Holding Corp. (NYSE:AKS) last released its earnings data on Tuesday, July 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.03. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that AK Steel Holding Corp. will post $-0.51 earnings per share for the current fiscal year.
AK Steel Holding Corporation (NYSE:AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company).
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