AK Steel Holding Corporation (NYSE:AKS) Receiving Somewhat Positive Press Coverage, Report Finds

Media coverage about AK Steel Holding Corporation (NYSE:AKS) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AK Steel Holding Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 77 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the near future.

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

Shares of AK Steel Holding Corporation (NYSE:AKS) traded down 1.63% on Tuesday, reaching $5.42. The company’s stock had a trading volume of 14,727,812 shares. AK Steel Holding Corporation has a 12 month low of $3.87 and a 12 month high of $11.39. The firm’s 50-day moving average price is $6.20 and its 200-day moving average price is $6.98. The stock has a market cap of $1.71 billion, a P/E ratio of 14.19 and a beta of 2.86.

AK Steel Holding Corporation (NYSE:AKS) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. On average, analysts forecast that AK Steel Holding Corporation will post $0.49 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on AKS. Barclays PLC reissued an “equal weight” rating and issued a $7.00 target price (down previously from $8.00) on shares of AK Steel Holding Corporation in a research report on Thursday, August 3rd. Clarkson Capital raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. BMO Capital Markets set a $7.00 target price on shares of AK Steel Holding Corporation and gave the company a “hold” rating in a research report on Sunday, July 30th. Jefferies Group LLC reissued a “buy” rating on shares of AK Steel Holding Corporation in a research report on Thursday, July 27th. Finally, Longbow Research cut shares of AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $6.20 to $6.24 in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.06.

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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.

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