Stock under Analysis: AK Steel Holding Corporation (AKS)

Henrietta Brewer
July 13, 2017

AK Steel Holding Corporation (AKS) belonging to the Basic Materials sector has surged 2.83% and closed its last trading session at $6.17. Credit Suisse Group upgraded shares of United States Steel Corporation from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $13.68 to $30.00 in a research note on Wednesday, May 24th. Clarkson Capital boosted AK Steel Holding Corporation from a neutral recommendation to a buy recommendation and fixed a $8.00 PT for the company in a study note published on early Thur, May 25th. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The analysts estimated sales for the higher end at 3156 million and lower end at 2919.43 million while the year ago reported sale was 2953.73 million. AKS's distance from 20 day simple moving average is -2.72% and distance from 50-Day simple moving average is 1.49%. Clarivest Asset Mngmt Ltd Liability Corporation has invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

Analysts' mean recommendation for United States Steel Corporation (X) stands at 2.50. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.91 billion. Equities analysts predict that AK Steel Holding Corporation will post $0.62 earnings per share for the current year. After having $0.19 EPS previously, AK Steel Holding Corporation's analysts see -21.05% EPS growth. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in United States Steel Corporation by 21.4% in the first quarter. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and worldwide copyright law. The original version of this report can be viewed at The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Following the transaction, the director now directly owns 98,919 shares of the company's stock, valued at $1,974,423.24. The stock was acquired at an average price of $19.96 per share, for a total transaction of $199,600.00. Jfs Wealth Ltd Limited Liability Company reported 260 shares. The disclosure for this purchase can be found here.

On the other hand Amarin Corp Ads (NASDAQ:AMRN) has Relative Strength Index (RSI 14) of 73.2 along with Average True Range (ATR 14) of 0.19. The institutional investor acquired 56,622 shares of the basic materials company's stock, valued at approximately $1,254,000.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group boosted its stake in stocks of AK Steel Holding Corporation by 6.6% in the Q1. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company's stock worth $266,566,000 after buying an additional 2,308,220 shares during the last quarter. For the last quarter, the stock has performed -12.36%. BlackRock Inc. now owns 14,279,755 shares of the basic materials company's stock valued at $482,799,000 after buying an additional 14,161,952 shares during the period. For the quarter, shares have been noted at -46.48%. The stock witnessed 4.43% gains, -34.19% declines and -35.63% declines for the 1-month, 3-month and 6-month period, respectively. Northwestern Mutual Wealth Management Co. raised its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. As a stock trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), shareholders may show raised interest as price nears either the high or the low. United States Steel Corporation also recently declared a dividend for shareholders paid on Friday the 9th of June 2017. Teachers Advisors LLC now owns 1,817,328 shares of the basic materials company's stock valued at $61,444,000 after buying an additional 143,268 shares during the period. Investors measure stock performance on the basis of a company's earnings power. Lmr Ptnrs Llp has invested 0.14% in AK Steel Holding Corporation (NYSE:AKS).

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 Firm also operates blast furnaces and electric arc furnaces.

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