AK Steel (AKS) Receives Hold Rating from Cowen

Cowen restated their hold rating on shares of AK Steel (NYSE:AKS) in a research report report published on Thursday. Cowen currently has a $7.00 price target on the basic materials company’s stock.

A number of other equities analysts have also recently commented on AKS. Bank of America reaffirmed a buy rating and issued a $9.00 target price on shares of AK Steel in a report on Wednesday, September 6th. Macquarie started coverage on AK Steel in a report on Wednesday, September 6th. They issued an outperform rating and a $7.00 target price on the stock. Jefferies Group reaffirmed a buy rating on shares of AK Steel in a report on Monday, September 18th. KeyCorp reiterated a hold rating on shares of AK Steel in a research note on Tuesday, September 19th. Finally, Longbow Research reiterated a neutral rating on shares of AK Steel in a research note on Tuesday, October 3rd. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AK Steel has an average rating of Buy and a consensus price target of $7.72.

Shares of AK Steel (AKS) traded up $0.06 during trading on Thursday, reaching $6.61. The company had a trading volume of 16,365,354 shares, compared to its average volume of 14,430,000. AK Steel has a one year low of $4.00 and a one year high of $11.28. The company has a market cap of $2,080.00, a PE ratio of 44.07, a P/E/G ratio of 2.08 and a beta of 2.90. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89.

Hedge funds have recently modified their holdings of the business. Archford Capital Strategies LLC grew its position in shares of AK Steel by 12,352.2% during the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 14,205 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of AK Steel by 74.4% during the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 7,516 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of AK Steel during the second quarter valued at about $141,000. Raymond James Financial Services Advisors Inc. grew its position in shares of AK Steel by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 193 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its position in shares of AK Steel by 33.9% during the second quarter. First Allied Advisory Services Inc. now owns 25,717 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 6,507 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “AK Steel (AKS) Receives Hold Rating from Cowen” was originally posted by Equities Focus and is the property of of Equities Focus. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.equitiesfocus.com/2018/01/07/ak-steel-aks-receives-hold-rating-from-cowen.html.

AK Steel Company Profile

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.

Analyst Recommendations for AK Steel (NYSE:AKS)

Receive News & Ratings for AK Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply