Brokerage Firm Rating Update on AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (AKS) : The consensus on AK Steel Holding Corporation (AKS) based on 10 analyst recommendation on the company stock is 3.9, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 4 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on AK Steel Holding Corporation (AKS).

AK Steel Holding Corporation (AKS) stock is expected to deviate a maximum of $1.24 from the average target price of $4.8 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, Citigroup initiates coverage on AK Steel Holding Corporation (NYSE:AKS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup announces the price target of $5.4 per share. The rating by the firm was issued on August 22, 2016.

AK Steel Holding Corporation (NYSE:AKS): stock was range-bound between the intraday low of $4.385 and the intraday high of $4.69 after having opened at $4.57 on Wednesdays session. The stock finally closed in the red at $4.57, a loss of -5.97%. The stock remained in the red for the whole trading day. The total traded volume was 14,719,444 shares. The stock failed to cross $4.69 in Wednesdays trading. The stocks closing price on Thursday was $4.69.

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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