Cowen and Company reaffirmed their market perform rating on shares of AK Steel Holding Corporation (NYSE:AKS) in a research note issued to investors on Monday morning, MarketBeat reports. The firm currently has a $4.00 target price on the basic materials company’s stock, down from their previous target price of $6.00.

Other research analysts have also issued research reports about the stock. Clarkson Capital upgraded shares of AK Steel Holding Corporation from a neutral rating to a buy rating in a research report on Wednesday, July 26th. Longbow Research lowered shares of AK Steel Holding Corporation from a buy rating to a neutral rating and increased their target price for the stock from $6.20 to $6.24 in a research report on Thursday, July 27th. KeyCorp restated a hold rating on shares of AK Steel Holding Corporation in a research report on Tuesday, September 19th. Macquarie began coverage on shares of AK Steel Holding Corporation in a research report on Wednesday, September 6th. They set an outperform rating and a $7.00 target price on the stock. Finally, ValuEngine lowered shares of AK Steel Holding Corporation from a strong-buy rating to a buy rating in a research report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $7.56.

Shares of AK Steel Holding Corporation (NYSE AKS) traded up $0.03 during trading hours on Monday, hitting $4.24. 1,606,117 shares of the company’s stock were exchanged, compared to its average volume of 18,740,000. AK Steel Holding Corporation has a 1 year low of $4.05 and a 1 year high of $11.39. The firm has a market cap of $1,330.00, a price-to-earnings ratio of 6.54, a PEG ratio of 2.68 and a beta of 2.93. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92.

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A number of large investors have recently modified their holdings of AKS. Stifel Financial Corp bought a new position in AK Steel Holding Corporation in the 1st quarter valued at approximately $110,000. Alps Advisors Inc. lifted its stake in AK Steel Holding Corporation by 35.0% in the 2nd quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 4,573 shares during the last quarter. Riverhead Capital Management LLC increased its position in AK Steel Holding Corporation by 74.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 7,516 shares during the period. World Asset Management Inc increased its position in AK Steel Holding Corporation by 2.5% in the 2nd quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock valued at $134,000 after acquiring an additional 502 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in AK Steel Holding Corporation in the 2nd quarter valued at approximately $135,000. 73.86% of the stock is owned by institutional investors and hedge funds.

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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