Friday, 20 October, 2017

Brokers Watch List: AK Steel Holding Corp (NYSE:AKS)

United States Steel Corporation AK Steel Holding Corporation (AKS): Start Paying Attention to Revised Ratings
Debra Rodriguez | 30 July, 2017, 02:07

The analysts estimated mean EPS at 0.14 while the high and low EPS estimate stand at 0.26 and -0.02 respectively. Deutsche Bank downgraded the shares of AKS in report on Monday, October 5 to "Hold" rating. Vetr upgraded United States Steel Corporation from a strong sell rating to a hold rating and set a $36.38 price objective on the stock in a research report on Monday, March 20th. Macquarie raised shares of United States Steel from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $23.00 to $30.00 in a research note on Monday, April 24th. They noted that the move was a valuation call.

Jefferies Group LLC reaffirmed their buy rating on shares of United States Steel Corporation (NYSE:X) in a report released on Friday, June 30th. Vetr cut United States Steel from a "strong-buy" rating to a "buy" rating and set a $38.38 target price for the company.in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a "buy" rating and issued a $9.00 target price on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th.

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United States Steel (NYSE:X) opened at 22.98 on Friday. Company chares are trading at $6.24 a tad under $6.34, the stock's 50 day moving average and which is just under the 200 day moving average of $7.17.

ATR value of company was 0.35.

Shares of AK Steel Holding Corporation (AKS) changed at hands on usually higher volume on July 28, 2017, as the stock is sinking -8.53% to end at $5.47. Stock investors acquired 51,977 put options on the company. The day's total volume of 48994410 this morning is in contrast from the three-month daily average of 18075.48K.

United States Steel (NYSE:X) last announced its earnings results on Tuesday, July 25th. Municipal Employees Retirement System of MI now owns 74,320 shares of the basic materials company's stock worth $488,000 after buying an additional 2,800 shares in the last quarter.

Last time, the company shocked Wall Street by reporting EPS of $0.19, smashing the consensus of $0.12 per share.

The company is unchanged by 0.00% since yesterday's close of $6.24. Janney Montgomery Scott LLC now owns 34,099 shares of the basic materials company's stock valued at $1,153,000 after buying an additional 24,401 shares in the last quarter.

08/31/2015 - KeyBanc began new coverage on Timken Steel Corporation giving the company a "sector weight" rating. The ex-dividend date is Monday, August 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%.

On 7/28/2016 Vicente Wright, Director, sold 27,000 with an average share price of $6.70 per share and the total transaction amounting to $180,900.00. Following the transaction, the director now owns 12,377 shares of the company's stock, valued at $238,999.87. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

On 1/30/2015 Roger K Newport, CFO, bought 5,000 with an average share price of $3.80 per share and the total transaction amounting to $19,000.00. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 21.20 and a beta of 2.89. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 14,000 shares of company stock worth $278,415.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Its book value per share for the most recent quarter is $-0.73 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.57, however its price to cash per share ratio for the same period is 10.56. Nikko Asset Management Americas Inc. increased its position in shares of United States Steel by 36.4% in the first quarter.

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