Analyst Opinion Summary: AK Steel Holding Corporation (AKS), Freeport-McMoRan Inc. (FCX)
- Author: Zachary Reyes Feb 18, 2017,
Feb 18, 2017, 15:59
The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. The Return on Investment (ROI) is at 14.7% while it's Return on Equity (ROE) value stands at 1.2%. The companys revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS. United States Steel Corporation updated its FY17 guidance to $3.08 EPS. Deutsche Bank Maintains AK Steel Holding Corporation (NYSE:AKS) to Hold with a price target of $10. The firm shows the market capitalization of $2.75 Billion. In order to determine directional movement, the 50-day and 200-day moving averages for United States Steel Corporation (NYSE:X) are $34.74 and $26.57. The mean forecast was for $2.65 billion and $0.01 a share, respectively. This represents a $0.20 annualized dividend and a dividend yield of 0.61%.
Several equities analysts have recently weighed in on X shares. Zacks Investment Research raised shares of AK Steel Holding Corporation from a hold rating to a buy rating and set a $9.25 target price on the stock in a report on Tuesday, November 15th. Additionally, Credit Suisse Downgrade its ratings on the stock to Neutral.
United States Steel Corporation's (X) stock price ended its day with a loss of -0.79% and finalized at the price of $39.11. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 4 buy or better ratings. United States Steel Corporation presently has an average rating of "Hold" and a consensus price target of $23.93. California State Teachers Retirement System now owns 337,929 shares of the company's stock valued at $6,373,000 after buying an additional 41,900 shares during the last quarter.
During last 5 trades the stock sticks nearly 4.63%. Following the sale, the vice president now directly owns 135,672 shares of the company's stock, valued at $4,417,480.32. The firm had put out a Buy rating. The company's institutional ownership is monitored at 65.5 percent. The disclosure for this sale can be found here. The Monthly and Yearly performances are -13.11 percent and 240.47 percent respectively. TIAA CREF Investment Management LLC now owns 1,041,606 shares of the company's stock valued at $19,645,000 after buying an additional 542,120 shares during the last quarter. For the next 5 years, United States Steel Corp.is expecting Growth of 8% per annum, whereas in the past 5 years the growth was -39.27% per annum. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Hodges Capital Management Inc. bought a new position in AK Steel Holding Corporation during the fourth quarter worth about $1,736,000. The mean revenue estimate for the current fiscal period ending March 2017 is $1.48B by 9 brokerage firms. Finally, Teacher Retirement System of Texas increased its stake in shares of AK Steel Holding Corporation by 47.0% in the second quarter. (NYSE:X) has 172.98 Million shares outstanding and 171.53 Million shares were floated in market. The stock volatility for week was 3.76% while for month was 5.05%.The stock, as of last close, traded 450.09% to its 52 week low and was changed -3.31% from its 52 week high. Finally, Canada Pension Plan Investment Board raised its position in AK Steel Holding Corporation by 17.6% in the third quarter. The Company is engaged 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).