AK Steel Holding Corporation (AKS) Receives ‘Analyst’ Rating

AK Steel Holding Corporation (AKS) : 10 analysts are covering AK Steel Holding Corporation (AKS) and their average rating on the stock is 3.9, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 4 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 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AK Steel Holding Corporation (AKS) : The highest short term price target forecast on AK Steel Holding Corporation (AKS) is $7 and the lowest target price is $3. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $4.8 with a standard deviation of $1.24.


Also, Citigroup initiates coverage on AK Steel Holding Corporation (NYSE:AKS). In the latest research report, Citigroup announces the target price to $5.4 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

AK Steel Holding Corporation (NYSE:AKS): The stock opened in the green at $4.08 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.15 and a low of $3.95 for the day. The stock did not find buyers even at the lows and closed at $4.06 recording a loss of -0.25%. 12,422,539 shares exchanged hands during the trading day. The stock had closed at $4.07 in the previous days trading.

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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