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Main » AK Steel Holding Corporation (AKS) Lifted to Hold at Zacks Investment Research

AK Steel Holding Corporation (AKS) Lifted to Hold at Zacks Investment Research

13 August 2017

News headlines about United States Steel Corporation (NYSE:X) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports.

The Ontario - Canada-based Manufacturers Life Insur The has invested 0% in AK Steel Holding Corporation (NYSE:AKS).

Shares last traded at $5.33 which is well below the 50 day moving average which is $6.11 and which is quite a bit lower than the 200 day moving average of $6.86. The value of the investment in Timken Steel Corporation decreased from $4,226,000 to $2,727,000 a change of 35.5% quarter over quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company's stock worth $144,000 after buying an additional 283 shares during the last quarter. UBS Asset Management Americas Inc. now owns 516,797 shares of the basic materials company's stock worth $5,277,000 after buying an additional 337,220 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in United States Steel Corporation by 8.6% in the first quarter. Boston Advisors LLC now owns 598,670 shares of the basic materials company's stock worth $3,933,000 after buying an additional 62,070 shares in the last quarter. Institutional investors own 74.71% of the company's stock. Finally, Deutsche Bank AG raised shares of United States Steel Corporation from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Friday, June 23rd. The stock now has Weekly Volatility of 3.48% and Monthly Volatility of 5.08%. The company has a 50 day moving average price of $6.08 and a 200 day moving average price of $6.83. Anchor Bolt Cap L P holds 1.39% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 3.95M shares. AK Steel Holding Corporation (AKS) maintained activity of 18.95 million shares that trade hands on average basis while its relative volume is 0.80.

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The company has mean EPS estimate of 0.08 reported by 11 number of analyst for the quarter ending Current Qtr.(Sep2017). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a negative return on equity of 235.11% and a net margin of 1.16%. During the same period in the prior year, the company earned $0.08 EPS. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/12/bowling-portfolio-management-llc-buys-129852-shares-of-ak-steel-holding-corporation-nyseaks-updated.html. Stockholders of record on Wednesday, August 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. United States Steel Corporation's dividend payout ratio is now 125.00%. If you are reading this piece on another site, it was illegally stolen and republished in violation of worldwide trademark & copyright legislation.

Other equities research analysts have also issued research reports about the company.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". On July 27, 2017 the stock rating was rated "Neutral" by Longbow Research which was a cut from the previous "Buy" rating.

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Cowen and Company set a $23.00 price target on Timken Steel Corporation (NYSE:TMST) in a report published on Thursday, July 27th. Zacks Investment Research raised AK Steel Holding Corporation from a "sell" rating to a "hold" rating in a report on Thursday, July 20th.

August 3 investment analysts at Barclays maintained a stock rating of "Equal-Weight" and lowered the price target from $9.00 to $7.00. Also, Director Paul Anthony Mascarenas purchased 1,500 shares of United States Steel Corporation stock in a transaction on Thursday, May 18th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The shares were bought at an average price of $19.94 per share, with a total value of $49,850.00. Following the acquisition, the director now owns 21,872 shares in the company, valued at $436,127.68. The disclosure for this purchase can be found here.

United States Steel Corporation is an integrated steel producer. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Firm also operates blast furnaces and electric arc furnaces.

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