AK Steel Holding Corporation (NYSE:AKS) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Several other equities analysts also recently commented on the stock. Clarkson Capital upgraded shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 price target on shares of AK Steel Holding Corporation in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $9.00 price target on shares of AK Steel Holding Corporation in a report on Wednesday, June 28th. Finally, Cowen and Company reiterated a “market perform” rating and set a $7.00 price target on shares of AK Steel Holding Corporation in a report on Friday, May 12th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AK Steel Holding Corporation currently has an average rating of “Buy” and an average target price of $8.47.

AK Steel Holding Corporation (NYSE:AKS) traded up 1.61% during mid-day trading on Friday, hitting $5.69. 14,595,076 shares of the stock were exchanged. AK Steel Holding Corporation has a 52 week low of $3.87 and a 52 week high of $11.39. The company’s 50-day moving average price is $5.66 and its 200 day moving average price is $6.52. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.90 and a beta of 2.86.

AK Steel Holding Corporation (NYSE:AKS) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Equities research analysts expect that AK Steel Holding Corporation will post $0.50 EPS for the current year.

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Several large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of AK Steel Holding Corporation by 1.2% in the first quarter. UBS Asset Management Americas Inc. now owns 523,052 shares of the basic materials company’s stock valued at $3,761,000 after buying an additional 6,255 shares during the last quarter. World Asset Management Inc boosted its stake in shares of AK Steel Holding Corporation by 1.4% in the first quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company’s stock valued at $144,000 after buying an additional 283 shares during the last quarter. Swiss National Bank boosted its stake in shares of AK Steel Holding Corporation by 4.5% in the first quarter. Swiss National Bank now owns 515,900 shares of the basic materials company’s stock valued at $3,709,000 after buying an additional 22,000 shares during the last quarter. Comerica Bank boosted its stake in shares of AK Steel Holding Corporation by 4.7% in the first quarter. Comerica Bank now owns 348,789 shares of the basic materials company’s stock valued at $2,250,000 after buying an additional 15,532 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of AK Steel Holding Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,191,130 shares of the basic materials company’s stock valued at $30,135,000 after buying an additional 202,447 shares during the last quarter. 72.86% of the stock is owned by hedge funds and other institutional investors.

AK Steel Holding Corporation Company Profile

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.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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