News stories about AK Steel (NYSE:AKS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AK Steel earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.7752962964033 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- How Markets See US Steel Stocks before 4Q17 Earnings (finance.yahoo.com)
- Nucor: What Analysts Expect This Earnings Season (finance.yahoo.com)
- AK Steel (AKS) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Bulls betting on Marathon Oil and this steel stock (finance.yahoo.com)
- Adverse Earnings Momentum Make AK Steel Holding (AKS) a Strong Sell – Investorplace.com (investorplace.com)
Several brokerages have recently weighed in on AKS. Longbow Research reiterated a “neutral” rating on shares of AK Steel in a report on Tuesday, October 3rd. raised shares of AK Steel from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 21st. Credit Suisse Group raised shares of AK Steel from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $7.00 in a research report on Tuesday, November 21st. Zacks Investment Research downgraded shares of AK Steel from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Cowen reissued a “hold” rating and set a $6.00 target price on shares of AK Steel in a research report on Tuesday, October 24th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.54.
AK Steel (NYSE:AKS) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). AK Steel had a net margin of 0.92% and a return on equity of 140.37%. analysts expect that AK Steel will post 0.26 earnings per share for the current year.
About AK Steel
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. 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.
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