AK Steel Holding Corporation (NYSE:AKS) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $8.42.

Several brokerages have issued reports on AKS. Barclays PLC reissued an “equal weight” rating and issued a $7.00 price objective (down previously from $8.00) on shares of AK Steel Holding Corporation in a research note on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price objective on shares of AK Steel Holding Corporation in a research note on Thursday. Clarkson Capital raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of AK Steel Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Finally, Longbow Research reissued a “neutral” rating on shares of AK Steel Holding Corporation in a research note on Tuesday, October 3rd.

Large investors have recently modified their holdings of the stock. Archford Capital Strategies LLC grew its holdings in AK Steel Holding Corporation by 12,352.2% in the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock worth $1,909,000 after purchasing an additional 14,205 shares during the last quarter. Stifel Financial Corp purchased a new position in AK Steel Holding Corporation in the first quarter worth $110,000. Riverhead Capital Management LLC grew its holdings in AK Steel Holding Corporation by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 7,516 shares during the last quarter. Alps Advisors Inc. grew its holdings in AK Steel Holding Corporation by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 4,573 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in AK Steel Holding Corporation in the first quarter worth $135,000. 73.06% of the stock is owned by institutional investors.

Shares of AK Steel Holding Corporation (NYSE:AKS) opened at 5.58 on Friday. AK Steel Holding Corporation has a 1-year low of $4.47 and a 1-year high of $11.39. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 14.61 and a beta of 2.91. The stock has a 50 day moving average price of $5.56 and a 200-day moving average price of $6.07.

AK Steel Holding Corporation (NYSE:AKS) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The business had revenue of $1.56 billion during 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Equities research analysts forecast that AK Steel Holding Corporation will post $0.52 earnings per share for the current year.

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About AK Steel Holding Corporation

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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