AK Steel Holding Corp. (NYSE:AKS) – Equities research analysts at Jefferies Group lifted their FY2017 earnings per share estimates for AK Steel Holding Corp. in a research report issued on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the firm will post earnings per share of $0.53 for the year, up from their prior estimate of $0.45. Jefferies Group currently has a “Hold” rating and a $5.50 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Cowen and Company boosted their price target on shares of AK Steel Holding Corp. from $5.00 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of AK Steel Holding Corp. from $6.00 to $8.50 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Investment Research cut shares of AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Deutsche Bank AG restated a “sell” rating on shares of AK Steel Holding Corp. in a report on Thursday, July 7th. Finally, TheStreet upgraded AK Steel Holding Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. AK Steel Holding Corp. has a consensus rating of “Hold” and an average price target of $4.70.
Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 8.41% on Wednesday, reaching $6.70. 39,633,167 shares of the company’s stock were exchanged. AK Steel Holding Corp. has a 12 month low of $1.64 and a 12 month high of $7.09. The company’s market capitalization is $1.20 billion. The firm’s 50 day moving average price is $5.00 and its 200-day moving average price is $3.89.
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.
