Business

AK Steel Holding Corporation (NYSE:AKS) Surged More Than 5% during Last Trade

AK Steel Holding Corporation (NYSE:AKS) shares traded 5.95% during the most recent session the stock exchanged hands 33,494,600 shares versus average trading capacity of 20.52M shares, yielding a market cap of $2.21B. Wall Street analysts covering the stock are projecting that the stock will reach $9.32 within the next 52-weeks. The mean target projections are based on 12 opinions, the mean target was last revised on 04/19/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have AK Steel Holding Corporation (NYSE:AKS) high price target of $13.00 and with a conservative view have low price target of $7.00 with a standard deviation of $1.88. If seeing target price from optimistic overview then it has an 83 percent upside potential from the latest closing price of $7.12.

AK Steel Holding Corporation (NYSE:AKS) received “Upgrade” rating by Macquarie in a research note issued to investors on Apr-24-17 from Neutral to Outperform.

Additionally on Apr-19-17 AK Steel Holding Corporation (NYSE:AKS) was “Upgraded” by Citigroup from Sell to Neutral and on Feb-13-17 the stock was “Downgraded” by Morgan Stanley from Overweight to Equal-Weight. Furthermore on Jan-25-17 the stock was “Downgraded” by JP Morgan from Overweight to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 50.42 along with Average True Range (ATR 14) of 0.43, Consequently AK Steel Holding Corporation (NYSE:AKS)’s weekly and monthly volatility is 5.47%, 6.09% respectively. The company’s beta value is at 2.85.

In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corporation (NYSE:AKS) has an analyst’s mean recommendation of 2.70. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that AK Steel Holding Corporation (NYSE:AKS) will report earnings of $0.14 for the current quarter on or around 4/25/2017 Before Market Open, however the company’s high EPS estimates are $0.23 and low estimates are $0.07. However the company reported $-0.08 earnings per share for the same quarter during last year.

Previously AK Steel Holding Corporation (NYSE:AKS) reported $0.25 earnings per share (EPS) for the quarter on 1/24/2017 Before Market Open, beating the consensus estimate of $0.07 by $0.18. The company posted an earnings surprise of 257.14%.

While considering growth estimates of the company, it has next quarter growth estimates of 175.00% whereas during current quarter it has 275.00% estimations over growth, comparing to the estimations of 71.40% during current year and 40.00% 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.

Currently AK Steel Holding Corporation (NYSE:AKS)’s shares owned by insiders are 0.70%, whereas shares owned by institutional owners are 83.00%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded -0.08%.

AK Steel Holding Corporation (NYSE:AKS) is trading -37.49% away from its 52 week high of $11.39 and +115.11% far from the stock’s low point over the past 52 weeks, which was $3.31. The stock hit its 52-week high on 12/08/16, and 52-week low on 05/19/16. The company’s trailing twelve month income is -7.80M dollars.

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 0.35. 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 $0.60, however its price to cash per share ratio for the same period is 11.92. The stock has a current PEG ratio of 0.30 where as its trailing twelve month P/E ratio is -215.76.

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