Burning Stock on the move: AK Steel Holding Corporation (NYSE:AKS)
- Author: Zachary Reyes Feb 23, 2017,
Feb 23, 2017, 23:06
(NYSE:X) may hit a high of $48. Analyst's ratings play a vital role in defining a stock's performance for the day.
Several insiders were part of recent insider activity for the stock.
AK Steel Holding Corporation (NYSE:AKS) is worth US$2.73 Billion and has recently fallen -2.98% to US$8.79. Jefferies Group LLC reiterated a "buy" rating and issued a $11.50 price objective on shares of AK Steel Holding in a research note on Wednesday, January 25th. The stock volatility for week was 3.41% while for month was 5.49%.The stock, as of last close, traded 254.44% to its 52 week low and was changed -22.83% from its 52 week high. Keeping an eye on the volatile stocks may help spot market abnormalities.Based on data provided from analysts, AK Steel Holding Corporation has a current consensus target price of 9.66. Moreover, BofA/Merrill issued Upgrade rating for the stock on 2-Feb-17.
Some buy side analysts are also providing their Analysis on AK Steel Holding Corporation, where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 11 said it's a HOLD, 0 reported it as Underperform and 2 analysts rated the stock as Sell. The relative price strength of AK Steel Holding Corporation has a positive value of 147.22 compared to overall market.AK Steel Holding Corporation is having a Relative Strength Index of 50.6 which indicates the stock is not yet over sold or over bought based on the technical indicators.
United States Steel (NYSE:X) opened at 41.57 on Thursday. The firm's market cap is $2.85 billion. The stock's price moved up its 200-day moving average of $52.10.
AK Steel Holding (NYSE:AKS) last released its earnings results on Tuesday, January 24th. While the actual EPS the company reported in the same quarter previous year was -0.08/share. The return on equity ratio or ROE stands at 6.5 percent while most common profitability ratio return on investment (ROI) was 7.7 percent. AK Steel Holding Corporation's (AKS) is a part of Basic Materials sector and belongs to Steel & Iron industry. Price per earning (ttm) stands at 0. Revenue is expected in between 3.03 Billion and 2.64 Billion with an average of 2.87 Billion. The current consensus analyst recommendation is sitting at 3.00 on company shares.
This news story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was illegally copied and republished in violation of United States & global copyright & trademark legislation. AK Steel Holding Corporation was Downgraded by Macquarie to Neutral on Nov 29, 2016.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. United States Steel's dividend payout ratio is now -6.83%.
According to Yahoo Finance, the price target for the company which analysts are aiming is 13. This transaction occurred on 2015-07-30 totals $7370. The insider now directly owns 330,019 shares worth $13,362,469. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $35.34, for a total transaction of $75,203.52. Following the completion of the transaction, the vice president now owns 46,469 shares in the company, valued at $1,642,214.46. The disclosure for this sale can be found here.
During last 5 trades the stock sticks nearly 2.57%. BlackRock Fund Advisors raised its position in AK Steel Holding by 8.7% in the third quarter. Finally, Victory Capital Management Inc. acquired a new stake in AK Steel Holding during the third quarter valued at about $19,565,000. Elkfork Partners LLC purchased a new stake in AK Steel Holding during the fourth quarter valued at about $112,000.