ValuEngine upgraded shares of AK Steel (NYSE:AKS) from a sell rating to a hold rating in a research report report published on Wednesday.
Other research analysts have also issued reports about the company. Zacks Investment Research raised AK Steel from a hold rating to a buy rating and set a $7.50 target price for the company in a research report on Monday, January 8th. Longbow Research raised 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. Vetr lowered AK Steel from a strong-buy rating to a buy rating and set a $6.34 target price for the company. in a research report on Thursday, March 8th. Morgan Stanley lowered their target price on AK Steel from $7.00 to $6.50 and set an equal weight rating for the company in a research report on Wednesday, January 31st. Finally, Cowen reissued a hold rating and issued a $7.00 price objective on shares of AK Steel in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. AK Steel currently has a consensus rating of Hold and an average target price of $6.69.
AK Steel (NYSE AKS) opened at $4.86 on Wednesday. The stock has a market capitalization of $1,530.00, a price-to-earnings ratio of 44.18, a P/E/G ratio of 1.94 and a beta of 2.73. The company has a current ratio of 1.83, a quick ratio of 0.69 and a debt-to-equity ratio of 16.33. AK Steel has a 12-month low of $4.00 and a 12-month high of $8.65.
Several hedge funds have recently bought and sold shares of AKS. Crow Point Partners LLC acquired a new stake in shares of AK Steel in the 4th quarter valued at about $110,000. Delpha Capital Management LLC acquired a new stake in shares of AK Steel in the 4th quarter valued at about $123,000. Hourglass Capital LLC acquired a new stake in shares of AK Steel in the 4th quarter valued at about $133,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of AK Steel by 0.9% in the 2nd 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 during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of AK Steel in the 4th quarter valued at about $155,000. 67.81% of the stock is owned by hedge funds and other institutional investors.
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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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