AK Steel (AKS) Research Coverage Started at UBS

UBS began coverage on shares of AK Steel (NYSE:AKS) in a research report issued to clients and investors on Tuesday, www.benzinga.com reports. The brokerage set a “sell” rating and a $3.25 price target on the basic materials company’s stock. UBS’s price objective would suggest a potential downside of 31.58% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Goldman Sachs initiated coverage on AK Steel in a research report on Tuesday, March 20th. They issued a “neutral” rating and a $6.00 price target on the stock. ValuEngine upgraded AK Steel from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Morgan Stanley reduced their price target on AK Steel from $7.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Jefferies Group reiterated a “hold” rating and issued a $6.00 price target on shares of AK Steel in a research report on Tuesday, January 30th. Finally, Cowen reiterated a “hold” rating and issued a $5.50 price target on shares of AK Steel in a research report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.40.

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AKS stock traded up $0.04 during midday trading on Tuesday, reaching $4.75. 4,478,755 shares of the stock were exchanged, compared to its average volume of 20,056,535. The firm has a market capitalization of $1,428.23, a P/E ratio of 15.29, a P/E/G ratio of 1.43 and a beta of 2.89. AK Steel has a 52 week low of $4.00 and a 52 week high of $7.54. The company has a quick ratio of 0.69, a current ratio of 1.83 and a debt-to-equity ratio of 16.33.



AK Steel (NYSE:AKS) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. AK Steel had a return on equity of 71.24% and a net margin of 0.16%. AK Steel’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. equities research analysts expect that AK Steel will post 0.63 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of AK Steel in the 4th quarter valued at about $728,000. LPL Financial LLC lifted its stake in shares of AK Steel by 85.2% in the 4th quarter. LPL Financial LLC now owns 81,550 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 37,522 shares during the period. Millennium Management LLC lifted its stake in shares of AK Steel by 189.0% in the 4th quarter. Millennium Management LLC now owns 3,362,383 shares of the basic materials company’s stock valued at $19,031,000 after purchasing an additional 2,198,798 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in AK Steel by 11.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 154,231 shares of the basic materials company’s stock worth $874,000 after buying an additional 15,950 shares during the period. Finally, Raymond James & Associates raised its stake in AK Steel by 182.0% during the 4th quarter. Raymond James & Associates now owns 117,679 shares of the basic materials company’s stock worth $666,000 after buying an additional 75,946 shares during the period. 67.84% of the stock is currently owned by institutional investors.

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About AK Steel

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

Analyst Recommendations for AK Steel (NYSE:AKS)

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