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Main » AK Steel Holding Corporation (AKS) Upgraded to Buy at Longbow Research

AK Steel Holding Corporation (AKS) Upgraded to Buy at Longbow Research

19 June 2017

Bank of New York Mellon Corp boosted its stake in Timken Steel Corporation by 115.2% in the first quarter. The business is expected to report its next earnings report on Tuesday, July 25th.

Currently, EPS of United States Steel Corp. Zacks' earnings per share averages are an average based on a survey of research firms that that provide coverage for United States Steel.

The Average Earnings Estimate for the Current Fiscal quarter is $0.13 per share, according to consensus of 14 analysts.

Net profit margin of the company is seen at -2.60%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.91 billion. Next quarter's EPS is estimated at $1.14 and the next full year EPS is projected to be $4.70.

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A number of other equities research analysts also recently issued reports on the stock. Jefferies Group LLC lifted their price target on shares of Timken Steel Corporation from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, February 21st. Cowen and Company reissued a "market perform" rating and set a $7.00 price objective on shares of AK Steel Holding Corporation in a research note on Friday, May 12th. They noted that the move was a valuation call. Several analysts have commented on the stock. There are brokerage firms with lower targets than the average, including one setting a price target of $4.5. The stock was purchased at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the acquisition, the director now owns 21,872 shares in the company, valued at approximately $436,127.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Anthony Mascarenas purchased 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $19.31 per share, for a total transaction of $28,965.00.

On June 7, 2017 the stock rating was changed to a "Buy" according to a Standpoint Research report which was a boost from the previous " rating. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 14,000 shares of company stock valued at $278,415. The stock is now showing its Return on Assets (ROA) value of 1.7 Percent. World Asset Management Inc boosted its stake in AK Steel Holding Corporation by 1.4% in the first quarter. Renaissance Technologies LLC now owns 5,655,000 shares of the basic materials company's stock valued at $186,672,000 after buying an additional 2,305,300 shares during the period. Year to date United States Steel Corporation (NYSE:X) is -38.93%, -45.94% over the last quarter, and -43.26% for the past six months. World Asset Management Inc now owns 13,485 shares of the basic materials company's stock worth $456,000 after buying an additional 342 shares during the period.

AK Steel Holding Corporation (AKS) has an annual dividend of $0, while its annual dividend yield is 0%.

United States Steel Corporation, launched on May 25, 2001, is an integrated steel producer. Finally, Dimensional Fund Advisors LP increased its position in United States Steel by 3.6% in the fourth quarter. NY now owns 161,847 shares of the basic materials company's stock valued at $5,472,000 after buying an additional 1,240 shares during the last quarter.

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The volume of the particular stock is the shares bought and sold in a single trading day.

United States Steel Corporation (NYSE X) opened at 20.16 on Monday. About 291,819 shares traded. The company's market capitalization is $3.52 billion. AK Steel Holding Corporation has a 1-year low of $3.87 and a 1-year high of $11.39. The stock's average target of $6.47 is 3.35% above today's ($6.26) share price.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. The dividend payment will be $0.378 per share for the quarter or $1.51 annualized. The ex-dividend date of this dividend was Monday, May 8th. United States Steel Corporation's dividend payout ratio is presently -12.20%. (X) is -0.83 while the analysts predicted the EPS of the stock to be 0.34 suggesting the company fell short of the analysts' expectations. If you are reading this article on another website, it was illegally copied and republished in violation of worldwide copyright and trademark laws.

AK Steel Holding Corporation (NYSE:AKS) plunged -1.64% or -0.10 points during previous trade after opening at the price of $6.06. 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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The company's shares hit a record low earlier this month after the company reported a bigger-than-expected quarterly loss. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock.