News coverage about AK Steel Holding Corporation (NYSE:AKS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AK Steel Holding Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.7969465170296 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Stock to Watch: AK Steel Holding Corporation (NYSE: AKS) – Alpha Beta Stock (alphabetastock.com)
- Electrical Steel Coatings Market to Witness Exponential Growth by 2024 (sbwire.com)
- AK Steel Attempts To Clear $6.00 Level (benzinga.com)
- Hot Mover of the Day: AK Steel Holding Corporation (NYSE: AKS) – Alpha Beta Stock (alphabetastock.com)
- Average True Range Indicator can help out on AK Steel Holding Corporation (AKS) – Wall Street Morning (wallstreetmorning.com)
AK Steel Holding Corporation (NYSE:AKS) traded up 0.081% during trading on Monday, reaching $6.195. 9,035,304 shares of the company were exchanged. The firm’s 50 day moving average price is $5.65 and its 200-day moving average price is $5.95. AK Steel Holding Corporation has a one year low of $4.93 and a one year high of $11.39. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 16.217 and a beta of 2.91.
AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts predict that AK Steel Holding Corporation will post $0.49 earnings per share for the current year.
A number of research firms have recently issued reports on AKS. BMO Capital Markets restated a “hold” rating and set a $7.00 target price on shares of AK Steel Holding Corporation in a research note on Thursday, October 5th. Longbow Research restated a “neutral” rating on shares of AK Steel Holding Corporation in a research note on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of AK Steel Holding Corporation in a research note on Tuesday, September 19th. Jefferies Group LLC restated a “buy” rating on shares of AK Steel Holding Corporation in a research note on Monday, September 18th. Finally, Macquarie began coverage on shares of AK Steel Holding Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $7.00 target price for the company. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.28.
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About AK Steel Holding Corporation
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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