AK Steel Holding Corp (NYSE:AKS) shares traded 1.19% up during most recent session to reach at the closing price of $5.97. The stock exchanged hands 17.13 Million shares versus average trading capacity of 18.14 Million shares, yielding a market cap of $1.92 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $8.34 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have AK Steel Holding Corp (NYSE:AKS) high price target of $11 and with a conservative view have low price target of $7.
Longbow Research “Initiates Coverage On” AK Steel Holding Corp (NYSE:AKS) in a research note issued to investors on 5/19/17 to Neutral with price target of $0.
Additionally on 4/24/17 Macquarie “Upgrades” AK Steel Holding Corp (NYSE:AKS) to Outperform setting price target at $8.1 and on 4/19/17 Citigroup “Upgrades” the stock to Neutral at $7. Furthermore on 2/13/17 Morgan Stanley “Downgrades” the stock to Equal-Weight at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 46.61 along with Average True Range (ATR 14) of 0.3, Consequently AK Steel Holding Corp (NYSE:AKS)’s weekly and monthly volatility is 5.04%, 5.19% respectively. The company’s beta value is at 2.9.
In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corp (NYSE:AKS) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts AK Steel Holding Corp (NYSE:AKS)’s minimum EPS for the current quarter is at $0.06 and can go high up to $0.18. The consensus mean EPS for the current quarter is at $0.13 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.08 earnings per share for the same quarter during last year.
Previously AK Steel Holding Corp (NYSE:AKS) reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The company posted an earnings surprise of 35.7%.
While considering growth estimates of the company, it has next quarter growth estimates of -19% whereas during current quarter it has 62.5% estimations over growth, comparing to the estimations of 74.3% during current year and 19.7% for next year. Past 5 years growth of AK Steel Holding Corp (NYSE:AKS) observed at 11.37%, looking forward for the next 5 years it has a strong prediction of 33.89% over growth.
AK Steel Holding Corp (NYSE:AKS)’s revenue estimates for the current quarter are $1.55 Billion according to 9 number of analysts, for the current quarter the company has high revenue estimates of $1.61 Billion in contradiction of low revenue estimates of $1.52 Billion. For the current year the company’s revenue estimates are $6.16 Billion compared to low analyst estimates of $6.01 Billion and high estimates of $6.3 Billion according to 12 number of analysts.
Currently AK Steel Holding Corp (NYSE:AKS)’s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 78.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -5.11%.
AK Steel Holding Corp (NYSE:AKS) 52-week high price stands at $11.39 and low price stands at $3.87, its price distance from 52-week high is -47.59% while its distance from 52-week low price is 54.26%. The stock hit its 52-week high on 12/08/16, and 52-week low on 09/13/16.
AK Steel Holding Corp (NYSE:AKS)’s trailing twelve month revenues are $5.9 Billion, whereas its price to sales ratio for the same period is 0.33. Its book value per share for the most recent quarter is $-0.73 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.58, however its price to cash per share ratio for the same period is 10.36. The stock has 5 year expected PEG ratio of 0.65 whereas its trailing twelve month P/E ratio is 22.19.