AK Steel (AKS) Shares Down 0%
AK Steel Holding Co. (NYSE:AKS) shares dropped 0% during trading on Tuesday . The stock traded as low as $6.02 and last traded at $6.09. Approximately 36,512,562 shares traded hands during trading, an increase of 59% from the average daily volume of 23,025,600 shares. The stock had previously closed at $6.09.
AKS has been the subject of several research analyst reports. JPMorgan Chase & Co. raised AK Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $6.00 to $7.00 in a research note on Thursday, December 7th. Jefferies Group reissued a “buy” rating on shares of AK Steel in a research note on Friday, November 10th. Longbow Research raised AK Steel from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.53 to $7.00 in a research note on Wednesday, December 20th. Credit Suisse Group raised AK Steel from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $6.00 to $7.00 in a research note on Tuesday, November 21st. Finally, TheStreet downgraded AK Steel from a “c” rating to a “d+” rating in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. AK Steel has a consensus rating of “Buy” and a consensus price target of $7.54.
The stock has a market cap of $1,920.00, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 2.08 and a beta of 2.90. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75.
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About AK Steel
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.
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