News stories about AK Steel (NYSE:AKS) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AK Steel earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.8063023205927 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- AK Steel (AKS) Lifted to Hold at ValuEngine (americanbankingnews.com)
- AK Steel (AKS) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Form 8-K AK STEEL HOLDING CORP For: Mar 13 (streetinsider.com)
- IAM Members Ratify Labor Agreement For AK Steel Middletown Works (finance.yahoo.com)
- Exploring U.S. Steel’s Outlook amid Toned-Down Tariffs (finance.yahoo.com)
AKS has been the topic of a number of analyst reports. Credit Suisse Group raised AK Steel from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $6.00 to $7.00 in a research report on Tuesday, November 21st. raised AK Steel from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised AK Steel from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. raised AK Steel from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $6.00 to $7.00 in a research report on Thursday, December 7th. Finally, Longbow Research raised AK Steel from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $5.53 to $7.00 in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.69.
AK Steel (NYSE:AKS) last issued its earnings results on Tuesday, January 30th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. AK Steel had a return on equity of 71.24% and a net margin of 0.16%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. equities analysts forecast that AK Steel will post 0.54 earnings per share for the current fiscal year.
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AK Steel 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.
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