AK Steel Holding Corporation’s (AKS) “Buy” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of AK Steel Holding Corporation (NYSE:AKS) in a research note issued to investors on Monday.

Other research analysts have also issued research reports about the company. Deutsche Bank AG reaffirmed a buy rating and set a $10.00 price target on shares of AK Steel Holding Corporation in a research report on Thursday, July 6th. Longbow Research raised AK Steel Holding Corporation from a neutral rating to a buy rating in a report on Monday, June 19th. Clarkson Capital raised AK Steel Holding Corporation from a neutral rating to a buy rating and set a $8.00 target price on the stock in a report on Thursday, May 25th. ValuEngine lowered AK Steel Holding Corporation from a strong-buy rating to a buy rating in a report on Thursday, July 27th. Finally, Bank of America Corporation reissued a buy rating and issued a $9.00 target price on shares of AK Steel Holding Corporation in a report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. AK Steel Holding Corporation has an average rating of Hold and a consensus price target of $8.46.

Shares of AK Steel Holding Corporation (AKS) opened at 5.64 on Monday. The company has a 50-day moving average price of $5.49 and a 200-day moving average price of $6.27. AK Steel Holding Corporation has a 12 month low of $4.38 and a 12 month high of $11.39. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 14.76 and a beta of 2.87.

AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts expect that AK Steel Holding Corporation will post $0.53 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC boosted its stake in shares of AK Steel Holding Corporation by 12,352.2% in the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock valued at $1,909,000 after buying an additional 14,205 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of AK Steel Holding Corporation in the first quarter valued at approximately $110,000. Meadow Creek Investment Management LLC boosted its stake in shares of AK Steel Holding Corporation by 14.6% in the first quarter. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company’s stock valued at $115,000 after buying an additional 2,044 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in shares of AK Steel Holding Corporation by 12.2% in the first quarter. Concert Wealth Management Inc. now owns 16,600 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,800 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of AK Steel Holding Corporation by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after buying an additional 7,516 shares in the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.

About AK Steel Holding Corporation

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. 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.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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