Global Updates

Stock on Analyst Radar: AK Steel Holding Corporation (NYSE:AKS)

AK Steel Holding Corporation (NYSE:AKS) received “Downgrade” rating by Morgan Stanley in a research note issued to investors on Feb-13-17 from Overweight to Equal-Weight.

Additionally on Jan-25-17 the stock was “Downgraded” by JP Morgan from Overweight to Neutral and on Jan-19-17 the stock was “Downgraded” by Citigroup from Neutral to Sell. Furthermore on Jan-12-17 the stock was “Downgraded” by Credit Suisse from Outperform to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 34.15 along with Average True Range (ATR 14) of 0.43, Consequently AK Steel Holding Corporation (NYSE:AKS)’s weekly and monthly volatility is 5.75%, 6.23% respectively. The company’s beta value is at 2.84.

In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corporation (NYSE:AKS) has an analyst’s mean recommendation of 2.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

AK Steel Holding Corporation (NYSE:AKS) shares traded 0.24% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $9.61 within the next 52-weeks. The mean target projections are based on 12 opinions, the mean target was last revised on 03/24/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $13.00 and with a conservative view have low price target of $7.30 with a standard deviation of $1.99. If seeing target price from optimistic overview then it has a 106 percent upside potential from the latest closing price of $6.32.

While considering growth estimates of the company, it has next quarter growth estimates of 200.00% whereas during current quarter it has 275.00% estimations over growth, comparing to the estimations of 94.30% during current year and 30.90% for next year. Past 5 years growth of AK Steel Holding Corporation (NYSE:AKS) observed at -18.28%, looking forward for the next 5 years it has a strong prediction of 37.85% over growth.

AK Steel Holding Corporation (NYSE:AKS)’s revenue estimates for the current quarter are $1.48B according to 9 number of analysts, for the current quarter the company has high revenue estimates of $1.54B in contradiction of low revenue estimates of $1.4B. For the current year the company’s revenue estimates are $6.05B compared to low analyst estimates of $5.77B and high estimates of $6.35B according 12 number of analysts.

AK Steel Holding Corporation (NYSE:AKS)’s trailing twelve month revenues are $5.88B, whereas its price to sales ratio for the same period is 0.34. Its book value per share for the most recent quarter is $-0.94, as for as the company’s cash per share for the most recent quarter is $0.55, however its price to cash per share ratio for the same period is 11.49.

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