Longbow Research Cuts Rating On AK Steel Holding Corporation (AKS)

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AK Steel Holding Corporation (AKS): Start Paying Attention to Revised Ratings

Finally, Deutsche Bank AG reaffirmed a "buy" rating and issued a $10.00 target price on shares of AK Steel Holding Corporation in a report on Thursday, July 6th.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -7.74% and has no so good Year to Date (YTD) Performance of -20.63% which means the stock is constantly adding to its value from previous fiscal year end price.

The current consensus rating on AK Steel Holding Corporation (NYSE:AKS) is Hold (Score: 2.36) with a consensus target price of $7.92 per share, a potential 32.39% upside.

Several other large investors have also modified their holdings of the stock.

AK Steel Holding Corporation (AKS) has the market capitalization of $2.05 Billion. Jefferies Group LLC cut their price target on United States Steel Corporation from $50.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, May 3rd. The company presently has a consensus rating of "Buy" and a consensus target price of $8.32.

The Target Price for United States Steel Corp (NYSE:X) is $27.23/share according to the consensus analysis of analysts working on the stock. They noted that the move was a valuation call. Finally, Axiom Securities reissued a "sell" rating on shares of United States Steel Corporation in a research report on Tuesday. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. They now have a Dollars 10 price target on the stock. The Nasdaq inched higher with a gain of 0.02 percent to close at a record 6,412.17. Following the transaction, the director now directly owns 21,872 shares of the company's stock, valued at $436,127.68. The stock was purchased at an average price of $19.96 per share, for a total transaction of $199,600.00. The disclosure for this purchase can be found here. Insiders bought a total of 14,000 shares of company stock valued at $278,415 in the last three months. TIAA CREF Investment Management LLC now owns 16,463,348 shares of the basic materials company's stock worth $118,371,000 after buying an additional 3,357,464 shares during the last quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company's stock worth $722,000 after buying an additional 606 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in AK Steel Holding Corporation during the first quarter worth approximately $135,000. Considering that the stock daily volume of 55.66 million shares, this represents a pretty noteworthy trading in volume size that is above 5 million trading capacity in last session.

AK Steel Holding Corporation (AKS) opened at 5.98 on Friday. The firm has a 50 day moving average of $20.78 and a 200-day moving average of $30.22. Investors purchased 51,977 put options on the company.

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United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th.

In the last reported quarter, United States Steel Corp reported its Actual EPS (earnings per share) of $1.07/share where most of the analysts working on this stock were estimating the EPS to be $0.34/share. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. Analysts are expecting EPS growth rates to be at 98.80% this quarter and EPS estimate for next year reflect 19.34% growth rate. During the same period previous year, the business posted ($0.32) EPS. The business's quarterly revenue was up 21.7% on a year-over-year basis.

According to Zacks, analysts expect that United States Steel Corporation will report full year sales of $2.99 billion for the current financial year, with estimates ranging from $11.48 billion to $12.00 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. The ex-dividend date of this dividend is Monday, August 7th. The Company dividend yield observed at 0.76%. Public Employees Retirement Association of Colorado boosted its stake in shares of United States Steel Corporation by 1.9% in the second quarter.

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01/12/2017 - AK Steel Holding Corporation was downgraded to " by analysts at Credit Suisse. While the U.S. Flat-rolled and U.S. Steel Europe divisions reported favorable results, the company's U.S. Tubular Steel division reported an operating loss as oil and gas drilling activity still remains fairly subdued. The Company also operates blast furnaces and electric arc furnaces.

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