AK Steel Holding Corporation (AKS) Receives Price Target

AK Steel Holding Corporation (AKS) : Average target price received by AK Steel Holding Corporation (AKS) is $4.8 with an expected standard deviation of $1.24. The most aggressive target on the stock is $7, whereas the most downbeat target is $3. 11 financial analysts are currently covering the stock.

AK Steel Holding Corporation (AKS) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AK Steel Holding Corporation (AKS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Sell with a rating of 3.9.


Also, Citigroup initiates coverage on AK Steel Holding Corporation (NYSE:AKS) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $5.4 per share. The rating by the firm was issued on August 22, 2016.

AK Steel Holding Corporation (NYSE:AKS): The stock opened at $4.43 on Thursday but the bulls could not build on the opening and the stock topped out at $4.48 for the day. The stock traded down to $4.28 during the day, due to lack of any buying support eventually closed down at $4.40 with a loss of -1.35% for the day. The stock had closed at $4.46 on the previous day. The total traded volume was 8,879,294 shares.

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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