AK Steel (NYSE:AKS) Receiving Somewhat Positive Press Coverage, Study Shows

Media coverage about AK Steel (NYSE:AKS) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, 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 gave news headlines about the basic materials company an impact score of 45.8063023205927 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

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AK Steel stock traded down $0.20 during trading hours on Friday, reaching $4.37. The stock had a trading volume of 12,569,494 shares, compared to its average volume of 21,307,488. The company has a market capitalization of $1,393.55, a PE ratio of 14.10, a P/E/G ratio of 1.47 and a beta of 2.89. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.69 and a current ratio of 1.83. AK Steel has a 52 week low of $4.00 and a 52 week high of $7.70.

AK Steel (NYSE:AKS) last announced its earnings results on Tuesday, January 30th. The basic materials company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.07. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. AK Steel had a net margin of 0.16% and a return on equity of 71.24%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. equities analysts predict that AK Steel will post 0.6 earnings per share for the current fiscal year.

AKS has been the subject of a number of recent analyst reports. Vetr lowered shares of AK Steel from a “strong-buy” rating to a “buy” rating and set a $6.34 target price for the company. in a research note on Thursday, March 8th. Longbow Research raised shares of AK Steel from a “neutral” rating to a “buy” rating and boosted their target price for the company from $5.53 to $7.00 in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of AK Steel from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Monday, January 8th. Morgan Stanley lowered their target price on shares of AK Steel from $7.00 to $6.50 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Finally, Cowen reissued a “hold” rating and set a $5.50 target price on shares of AK Steel in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.65.

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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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