Analyst Rating Update on AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (AKS) : 11 analysts are covering AK Steel Holding Corporation (AKS) and their average rating on the stock is 3.45, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AK Steel Holding Corporation (AKS) : The consensus price target for AK Steel Holding Corporation (AKS) is $4.93 for the short term with a standard deviation of $1.7. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $3.

Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains its view on AK Steel Holding Corporation (NYSE:AKS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $5 per share to $5.5 per share on AK Steel Holding Corporation. The rating by the firm was issued on July 27, 2016.


AK Steel Holding Corporation (NYSE:AKS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.12 and $5.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.22, notching a gain of 1.63% for the day. The total traded volume was 12,963,513 . The stock had closed at $6.12 on the previous day.

AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across six states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive, infrastructure and manufacturing, and distributors and converters markets.

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