Cowen reissued their hold rating on shares of AK Steel (NYSE:AKS) in a research report report published on Thursday morning. The brokerage currently has a $7.00 target price on the basic materials company’s stock.
A number of other brokerages have also recently issued reports on AKS. Macquarie began coverage on AK Steel in a research report on Wednesday, September 6th. They issued an outperform rating and a $7.00 target price for the company. Bank of America reissued a buy rating and issued a $9.00 target price on shares of AK Steel in a research report on Wednesday, September 6th. BMO Capital Markets reissued a hold rating and issued a $7.00 target price on shares of AK Steel in a research report on Thursday, October 5th. Longbow Research reissued a neutral rating on shares of AK Steel in a research report on Tuesday, October 3rd. Finally, KeyCorp reissued a hold rating on shares of AK Steel in a research report on Tuesday, September 19th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $7.72.
Shares of AK Steel (NYSE AKS) traded up $0.21 during midday trading on Thursday, hitting $6.55. The company had a trading volume of 21,207,000 shares, compared to its average volume of 22,716,400. The firm has a market cap of $2,060.00, a PE ratio of 43.67, a PEG ratio of 2.00 and a beta of 2.90. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89. AK Steel has a 1 year low of $4.00 and a 1 year high of $11.28.
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About AK Steel
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.
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