Published: Fri, May 19, 2017
Medicine | By Earnest Bishop

Quarterly Financial Watch for AK Steel Holding Corporation (NYSE:AKS)


The stock's Dividend Yield stands at 0.71%. It increased, as 46 investors sold AKS shares while 58 reduced holdings. The firm exchanged a volume of 16.48 million shares at hands. Century Companies invested in 0.01% or 676,724 shares. Boston Ptnrs holds 563,758 shares or 0.01% of its portfolio. As per Friday, August 19, the company rating was downgraded by KeyBanc Capital Markets. NY raised its stake in shares of United States Steel by 0.8% in the first quarter. Its down 5.72% from 2.51 million shares previously. 39,373 were accumulated by Clarivest Asset Management Limited Liability Corp. Nationwide Fund has invested 0.03% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Dc Advisors Limited stated it has 6.13% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

AK Steel Holding Corporation (AKS) lost -3.7% to reach $5.47 in the previous trading session.

Trexquant Investment L P has 0.12% invested in AK Steel Holding Corporation (NYSE:AKS). Finally, Alambic Investment Management L.P. raised its stake in AK Steel Holding by 41.7% in the third quarter.

For the past 5 years, AK Steel Holding Corporation's EPS growth has been almost 52.6%. Therefore 70% are positive. AK Steel Holding Corporation has $9 highest and $1 lowest target. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. The rating was downgraded by Bank of America to "Neutral" on Tuesday, September 8.

Stock has got outperform rating from no analyst of Thomson Reuters whereas 5 analysts given hold rating to the stock. Nomura maintained AK Steel Holding Corporation (NYSE:AKS) rating on Wednesday, March 9. Cowen & Co maintained the stock with "Market Perform" rating in Wednesday, July 27 report. The stock has "Buy" rating by Maxim Group on Thursday, January 28.

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Goldman Sachs Group Inc increased Santander Consumer Usa Hdg I (NYSE:SC) stake by 1.01 million shares to 1.10 million valued at $14.71M in 2017Q1. It also upped Consolidated Edison Inc (NYSE:ED) stake by 5,626 shares and now owns 309,198 shares.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation. The company has a market cap of $471.61 million, a price-to-earnings ratio of 822.73 and a beta of 0.74.

Sell-side analysts also have something to say about this company. It has a 20.37 P/E ratio. 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. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -15.49. (IAG) produced 102.2 Million profit. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 33.89%, annually. Comerica Inc had 64 analyst reports since July 20, 2015 according to SRatingsIntel. On Monday, November 2 the stock rating was initiated by Raymond James with "Outperform". Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market. (NYSE:X) opened at 19.26 on Thursday. Barclays PLC cut their target price on United States Steel from $34.00 to $24.00 and set an "equal weight" rating for the company in a research report on Thursday, May 4th. The firm has "Hold" rating by HSBC given on Wednesday, March 15. The firm has "Neutral" rating by Goldman Sachs given on Monday, November 2. The rating was downgraded by Bank of America on Wednesday, June 29 to "Underperform". However, the company's most recent quarter decrease of -12.2% looks unattractive.

Since November 28, 2016, it had 1 buy, and 3 insider sales for $1.79 million activity. Shares for $345,677 were bought by Van de Ven Michael G on Wednesday, January 25.

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $107.43 while their mean recommendation is 1.80 (1=Buy, 5=sell).

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