AK Steel Holding Corporation (NYSE:AKS) Coverage Initiated by Analysts at Macquarie

Share

LLC now owns 5,473 shares of the basic materials company's stock worth $121,000 after purchasing an additional 3,768 shares in the last quarter. Trading volume was down 63.32% under the stocks average daily volume. It improved, as 46 investors sold AK Steel Holding Corporation shares while 58 reduced holdings.

In other news, CFO Kevin Bradley purchased 22,835 shares of the business's stock in a transaction on Wednesday, September 6th. As of the end of the quarter Pacer Advisors, Inc. had disposed of a total of 54 shares trimming its holdings by 0.4%.

AK Steel Holding Co. has a one year low of $2.53 and a one year high of $11.39. Public Employees Retirement System of OH raised its stake in AK Steel Holding Corporation by 2.7% during the 2nd quarter. The stock decreased 0.35% or $0.02 during the last trading session, reaching $5.74. Additionally United States Steel Corporation recently announced a dividend for shareholders that was paid on Friday September 8th, 2017. On average, equities analysts predict that United States Steel Corporation will post $1.74 EPS for the current year. Therefore 33% are positive. BMO Capital Markets maintained it with "Hold" rating and $700 target in Friday, July 28 report. The firm has "Neutral" rating by Northland Capital given on Wednesday, March 9. The firm has "Sector Weight" rating by KeyBanc Capital Markets given on Monday, September 19. (NYSE:AKS) traded down 5.7474% during mid-day trading on Thursday, reaching $8.2848. On June 23 the company was changed to "Buy" by Deutsche Bank a boost from the previous "Buy" rating.

On September 7 analysts at Macquarie added the stock to its research portfolio giving it an initial rating of "Outperform".

On July 27 the company was set at "Neutral" in a report from Longbow Research which is down from the previous "Buy" rating. The Company is involved in producing flat-rolled and tubular products with production operations in North America and Europe. If the published price targets set by United States Steel Corporation analysts have any power to influence the stock's share price, the highest price target set for X is $51. The Company also operates blast furnaces and electric arc furnaces. It has a 15.07 P/E ratio. 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. Its up 0.35, from 0.97 in 2016Q3.

Shares of United States Steel Corporation (NYSE:X) opened at 25.09 on Friday. Moreover, Corecommodity Mgmt Llc has 0.17% invested in AK Steel Holding Corporation (NYSE:AKS).

Heading into the stock price potential, AK Steel Holding Corporation needs to grow just 24.78% to cross its median price target of $7. American Interest Grp Inc stated it has 0.01% in AK Steel Holding Corporation (NYSE:AKS). Its down 0.27% from 69.02 million shares, reported previously. Looking out over the past year, company shares have been recorded -35.00% off the 52 week high and 19.95% away from the low over the same period. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Point72 Asset Management, L.p. now holds 300,000 shares worth $1,971,000. However, the institutional investors are observed to own 74.40% of the total shares. Hightower Advsrs Ltd Liability reported 16,170 shares stake. The correct version of this piece of content can be accessed at https://weekherald.com/2017/09/16/macquarie-begins-coverage-on-ak-steel-holding-corporation-aks.html. Metropolitan Life Ins New York holds 0.02% or 213,260 shares. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. Qcm Cayman Limited invested in 28,953 shares. Synchrony Financial had 47 analyst reports since July 20, 2015 according to SRatingsIntel. A rating of 4 or 5 would represent a Sell recommendation. Oppenheimer initiated the stock with "Perform" rating in Tuesday, April 11 report. The company was maintained on Monday, February 22 by Rosenblatt. The firm has "Buy" rating given on Thursday, February 2 by Bank of America.

Share