AK Steel Holding Corporation (AKS) : Analyst Rating Update

AK Steel Holding Corporation (AKS) : 2 brokerage houses believe that AK Steel Holding Corporation (AKS) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AK Steel Holding Corporation (AKS). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 3.23.

AK Steel Holding Corporation (AKS) : 10 Wall Street analysts covering AK Steel Holding Corporation (AKS) believe that the average level the stock could reach for the short term is $3.88. The maximum price target given is $6 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.21.

AK Steel Holding Corporation (NYSE:AKS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.50 and $4.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.65, notching a gain of 1.53% for the day. The total traded volume was 5,382,382 . The stock had closed at $4.58 on the previous day.

Also, Equity Analysts at the Jefferies maintains the rating on AK Steel Holding Corporation (NYSE:AKS). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $4.25 per share to $5 per share. The rating by the firm was issued on June 10, 2016. The company shares have rallied 51.16% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $5.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.43 and the 200 Day Moving Average price is recorded at $3.58.

AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across six states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive, infrastructure and manufacturing, and distributors and converters markets.

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