Sunday, 19 November, 2017

AK Steel Holding Corporation (NYSE:AKS) Analysts Remain Upbeat Despite -45.83% Loss

Ben Pena | 13 July, 2017, 21:15

The business is scheduled to issue its next earnings results after the market closes on Tuesday, July 25th.

According to analysts AK Steel Holding Corp (NYSE:AKS)'s minimum EPS for the current quarter is at $0.09 and can go high up to $0.18. While for the next 5 years, the growth estimate is 33.84%.

Analyst mean recommendation rating on a stock by the analyst community is at 2.70.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, April 25th. The basic materials company reported ($0.83) EPS for the quarter, missing the consensus estimate of $0.35 by $1.18. AK Steel Holding Corporation had a lower negative return on equity of 235.11% and a net profit margin of 1.16%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.49 billion. While in the same Quarter Previous year, the Actual EPS was $0.08. The company's quarterly revenue was up 1.0% compared to the same quarter past year.

A number of brokerages recently weighed in on X. Finally, Standpoint Research raised United States Steel Corporation from a "hold" rating to a "buy" rating and set a $28.00 price target on the stock in a research report on Wednesday, June 7th. The stock of United States Steel Corporation (NYSE:X) earned "Buy" rating by Argus Research on Tuesday, November 24. AK Steel Holding Corporation P/E (price to earnings) ratio is 22.3 and Forward P/E ratio of 8.31.

On December 5 Deutsche Bank maintained a stock rating of "Buy" and raised the price target from $26.00 to $40.00. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of "Hold" and an average price target of $29.44. The company's stock had a trading volume of 2,376,204 shares.

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Market capitalization is the total market value of all of a company's outstanding shares.

AK Steel Holding Corporation (AKS)'s distance from 200 day simple moving average is -16.08 percent, its distance from 50 day simple moving average is 1.49 percent, while its distance from 20 day simple moving average is -2.72 percent. The stock touched an intraday high of $28.11 and an intraday low of $27.55. It has a dividend yield of 0.90%. The ex-dividend date was set for Monday the 8th of May 2017. Director David Sutherland bought 10,000 shares at an average price of $19.96 on May 12th. Director Stephen J. Girsky acquired 2,500 shares at an average price of $19.94 on Tue the 16th. Following the acquisition, the director now directly owns 98,919 shares in the company, valued at $1,974,423.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Following the completion of the transaction, the director now owns 21,872 shares of the company's stock, valued at approximately $436,127.68. The disclosure for this purchase can be found here.

On the other hand the company has Relative Strength Index (RSI 14) of 43.17 along with Average True Range (ATR 14) of 0.33, Consequently AK Steel Holding Corp (NYSE:AKS)'s weekly and monthly volatility is 5.67%, 5.04% respectively. Insiders own 1.00% of the company's stock. Institutional investors and hedge funds own 66.84% of the company's stock.

In Monday trading United States Steel Corporation (X) stock is attractive participant of Wall Street Market. Based on a recent bid, the stock is trading -8.00% away from it's 52- week high and 42.82% away from its 52 week low. AK Steel Holding Corporation (AKS) has risen 58.12% since July 12, 2016 and is uptrending. Acrospire Investment Management LLC increased its position in United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company's stock worth $210,000 after buying an additional 4,391 shares during the last quarter. The company reported revenue of $1.62 Billion in the same period a year ago. Its last month's stock price volatility remained 4.81% which for the week stands at 4.87%.

Multiple company employees have indulged in significant insider trading. "AK Steel has also underperformed the Zacks categorized "Steel-Producers" industry over a year". The Company is involved in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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