AK Steel Holding Corp. (NYSE:AKS) had its price target decreased by Jefferies Group from $5.50 to $4.50 in a research report report published on Thursday. Jefferies Group currently has a hold rating on the stock.

Analyst Recommendations for AK Steel Holding Corp. (NYSE:AKS)

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of AK Steel Holding Corp. from a hold rating to a buy rating and set a $4.50 target price for the company in a report on Tuesday, June 28th. Rosenblatt Securities started coverage on shares of AK Steel Holding Corp. in a report on Monday, August 22nd. They set a buy rating and a $6.00 price objective for the company. Barclays PLC increased their price objective on shares of AK Steel Holding Corp. from $4.00 to $5.00 and gave the company an equal weight rating in a report on Tuesday, July 12th. Morgan Stanley reissued a hold rating on shares of AK Steel Holding Corp. in a report on Tuesday, August 16th. Finally, Vetr downgraded shares of AK Steel Holding Corp. from a buy rating to a hold rating and set a $5.00 price objective for the company. in a report on Tuesday, August 23rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. AK Steel Holding Corp. presently has a consensus rating of Hold and an average price target of $5.05.

Shares of AK Steel Holding Corp. (NYSE:AKS) opened at 4.30 on Thursday. AK Steel Holding Corp. has a 1-year low of $1.64 and a 1-year high of $7.09. The company has a 50 day moving average price of $4.92 and a 200 day moving average price of $4.63. The company’s market capitalization is $1.02 billion.

AK Steel Holding Corp. (NYSE:AKS) last issued its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.10. The company earned $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. AK Steel Holding Corp. had a negative net margin of 2.18% and a negative return on equity of 12.89%. AK Steel Holding Corp.’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.36) EPS. Equities analysts predict that AK Steel Holding Corp. will post $0.32 EPS for the current fiscal year.

In related news, Director Vicente Wright sold 27,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $6.70, for a total value of $180,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of AK Steel Holding Corp. by 61.5% in the first quarter. BlackRock Inc. now owns 24,495 shares of the company’s stock worth $101,000 after buying an additional 9,327 shares in the last quarter. Amalgamated Bank increased its position in shares of AK Steel Holding Corp. by 47.4% in the second quarter. Amalgamated Bank now owns 28,161 shares of the company’s stock worth $150,000 after buying an additional 9,050 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of AK Steel Holding Corp. by 41.7% in the second quarter. PineBridge Investments L.P. now owns 30,205 shares of the company’s stock worth $141,000 after buying an additional 8,896 shares in the last quarter. Raymond James & Associates increased its position in shares of AK Steel Holding Corp. by 4.7% in the second quarter. Raymond James & Associates now owns 30,628 shares of the company’s stock worth $143,000 after buying an additional 1,386 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of AK Steel Holding Corp. by 47.0% in the second quarter. Teacher Retirement System of Texas now owns 31,744 shares of the company’s stock worth $148,000 after buying an additional 10,149 shares in the last quarter. Institutional investors and hedge funds own 71.90% of the company’s stock.

AK Steel Holding Corp. Company Profile

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

5 Day Chart for NYSE:AKS

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