AK Steel Holding Corporation (AKS) : Zacks Investment Research ranks AK Steel Holding Corporation (AKS) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 3.45, which indicates as a Hold.
AK Steel Holding Corporation (AKS) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $3. The average forecast of all the analysts is $5.2 and the expected standard deviation is $1.63.
Company shares have received an average consensus rating of Hold for the current week AK Steel Holding Corporation (NYSE:AKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.28 and $5.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.34, notching a gain of 0.56% for the day. The total traded volume was 14,122,365 . The stock had closed at $5.31 on the previous day.
In a related news,The director of Ak Steel Holding Corp, Wright Vicente sold 27,000 shares at $6.7 on July 28, 2016. The Insider selling transaction had a total value worth of $180,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.