The stock has been rated an average of 3.08 by 12 Brokerage Firm. Deutsche Bank's price objective would suggest a potential downside of 54.02% from the stock's current price. This insider holds 178953 shares with a market value around $1091613.3 as of recent close. The stock price exhibited upbeat move from its 50 day moving average with 22.79 and remained below from its 200 Day Moving Average with 34.22. The stock's market cap is $747.26 million. The 52 week high shares of AK Steel Holding Corporation have reached is 5.93 whilst the 52 week low for the company's shares is 1.64.
US Steel Corporation (NYSE:X) has been downgraded at Jefferies as it believes AK Steel (NYSE:AKS) is a better alternative in the industry given the leverage to US prices.
Comparing the recent earnings trends of the two stocks justified the opinion of analyst Seth Rosenfield, as AKS posted a positive EPS, while, X hasn't been able to drive any profitability for the past four quarters. During the same period in the prior year, the business posted $1.82 earnings per share. The company earned $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Automotive contribution to the company's revenues was 60% for the year. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio. Creative Planning now owns 2,079,472 shares of the company's stock valued at $4,658,000 after buying an additional 1,787,437 shares in the last quarter. Now the company Insiders own 2.03% of AK Steel Holding Corporation shares according to the proxy statements.
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Bbt Capital Management added new position in United States Steel Corporation during the Fourth Quarter. First Dallas Securities Inc. now owns 55,814 shares of the company's stock worth $446,000 after buying an additional 35,113 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in AK Steel Holding by 47.4% in the fourth quarter. The company now has a consensus rating of "Hold" and an average price target of $11.57. Zacks Investment Research upgraded AK Steel Holding from a "hold" rating to a "buy" rating and set a $2.00 price objective for the company in a report on Tuesday, January 26th.
Out of 13 analysts covering AK Steel Holding Corporation (NYSE:AKS), 3 rate it "Buy", 4 "Sell", while 10 "Hold". Institutional Investors own 45.1% of AK Steel Holding Corporation shares. He projects steel prices to lose momentum into summer, and thus revised down stocks of several steel producers, which include Reliance Steel & Aluminum Co (NYSE:RS), Commercial Metals Company, and Olympic Steel, Inc., from Buy to Hold. AK Steel Holding presently has a consensus rating of "Hold" and an average target price of $3.49. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe.