Zacks Reiterates Neutral on AK Steel Holding (AKS)

By admin | 6 years ago

AK Steel Holding (NYSE: AKS)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Wednesday. They currently have a $7.25 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of AK Steel Holding from $14.00 to $11.00 in a research note to investors on Wednesday, April 25th. They now have an “overweight” rating on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of AK Steel Holding in a research note to investors on Wednesday, April 25th. Finally, analysts at Dahlman Rose cut their price target on shares of AK Steel Holding from $13.00 to $11.50 in a research note to investors on Wednesday, April 25th. They now have a “buy” rating on the stock.

Shares of AK Steel Holding opened at 7.02 on Wednesday. AK Steel Holding has a one year low of $5.51 and a one year high of $16.75. The company’s market cap is $776.1 million.

AK Steel Holding last issued its quarterly earnings data on Tuesday, April 24th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.01. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that AK Steel Holding will post $0.15 earnings per share next quarter.

AK Steel Holding Corporation (AK Holding) is a producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel).

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