AK Steel Holding Co. (NYSE:AKS) – Stock analysts at KeyCorp raised their FY2017 EPS estimates for shares of AK Steel in a report released on Thursday. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will earn $0.28 per share for the year, up from their prior forecast of $0.25. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for AK Steel’s Q4 2017 earnings at ($0.09) EPS and FY2018 earnings at $0.85 EPS.
Other equities research analysts have also recently issued reports about the stock. Jefferies Group reissued a “buy” rating on shares of AK Steel in a research report on Monday, September 18th. Longbow Research raised shares of AK Steel from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.53 to $7.00 in a research report 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 on the stock in a research report on Monday, January 8th. TheStreet cut shares of AK Steel from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. Finally, Cowen reissued a “hold” rating and issued a $6.00 target price on shares of AK Steel in a research report on Tuesday, October 24th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. AK Steel presently has an average rating of “Buy” and an average target price of $7.54.
Shares of AK Steel (NYSE AKS) opened at $6.19 on Monday. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75. AK Steel has a 12-month low of $4.00 and a 12-month high of $10.26. The stock has a market cap of $1,949.10, a P/E ratio of 44.21, a P/E/G ratio of 1.48 and a beta of 2.90.
AK Steel (NYSE:AKS) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). AK Steel had a return on equity of 140.37% and a net margin of 0.92%.
A number of hedge funds have recently made changes to their positions in AKS. Crow Point Partners LLC acquired a new position in AK Steel during the fourth quarter valued at approximately $110,000. Riverhead Capital Management LLC lifted its position in AK Steel by 74.4% during the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after buying an additional 7,516 shares in the last quarter. MML Investors Services LLC acquired a new position in AK Steel during the second quarter valued at approximately $141,000. Raymond James Financial Services Advisors Inc. lifted its position in AK Steel by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after buying an additional 193 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in AK Steel during the third quarter valued at approximately $145,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
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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