AK Steel Holding Corporation (NYSE:AKS) had its target price lowered by J P Morgan Chase & Co from $8.00 to $6.00 in a research note published on Wednesday morning. J P Morgan Chase & Co currently has a neutral rating on the basic materials company’s stock.

Other research analysts have also issued reports about the company. Clarkson Capital upgraded AK Steel Holding Corporation from a neutral rating to a buy rating in a research report on Wednesday, July 26th. Longbow Research downgraded AK Steel Holding Corporation from a buy rating to a neutral rating and increased their price target for the company from $6.20 to $6.24 in a research note on Thursday, July 27th. KeyCorp reissued a hold rating on shares of AK Steel Holding Corporation in a research note on Tuesday, September 19th. Macquarie initiated coverage on AK Steel Holding Corporation in a research note on Wednesday, September 6th. They issued an outperform rating and a $7.00 price target on the stock. Finally, ValuEngine downgraded AK Steel Holding Corporation from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $7.71.

AK Steel Holding Corporation (NYSE:AKS) opened at $4.22 on Wednesday. The stock has a market cap of $1.33 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 1.98 and a beta of 2.93. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.81.

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Institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC raised its stake in AK Steel Holding Corporation by 12,352.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 14,205 shares during the period. Stifel Financial Corp acquired a new stake in AK Steel Holding Corporation during the 1st quarter worth $110,000. Riverhead Capital Management LLC raised its stake in AK Steel Holding Corporation by 74.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after buying an additional 7,516 shares during the period. Alps Advisors Inc. raised its stake in AK Steel Holding Corporation by 35.0% during the 2nd quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock worth $116,000 after buying an additional 4,573 shares during the period. Finally, World Asset Management Inc raised its stake in shares of 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 purchasing an additional 502 shares during the period. 70.70% of the stock is currently 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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