AK Steel Holding Corp. (NYSE:AKS)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday, ARN reports. They currently have a $3.75 target price on the stock. Zacks‘ target price suggests a potential upside of 5.04% from the company’s current price.
A number of other analysts have also recently weighed in on AKS. Analysts at Nomura reiterated a “neutral” rating on shares of AK Steel Holding Corp. in a research note to investors on Wednesday, July 24th. They now have a $3.00 price target on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of AK Steel Holding Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 1st.
Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.63.
AK Steel Holding Corp. (NYSE:AKS) traded up 4.20% on Monday, hitting $3.72. AK Steel Holding Corp. has a 52-week low of $2.76 and a 52-week high of $6.73. The stock’s 50-day moving average is currently $3.31. The company’s market cap is $507.1 million.
AK Steel Holding Corp. (NYSE:AKS) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.30) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts expect that AK Steel Holding Corp. will post $-0.50 EPS 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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