AK Steel Holding Corp (NYSE:AKS) shares traded 1.9% up during most recent session to reach at the closing price of $5.36. The stock exchanged hands 14.13 Million shares versus average trading capacity of 20.97 Million shares, yielding a market cap of $1.75 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.39 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 $9 and with a conservative view have low price target of $5.5.
Morgan Stanley “Maintained” AK Steel Holding Corp (NYSE:AKS) in a research note issued to investors on 1/31/18 to Equal-Weight with price target of $6.5.
Additionally on 1/31/18 Bank of America “Downgrades” AK Steel Holding Corp (NYSE:AKS) to Underperform setting price target at $0 and on 1/09/18 Jefferies “Downgrades” the stock to Hold at $0. Furthermore on 12/20/17 Longbow Research “Upgrades” the stock to Buy at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 46.3 along with Average True Range (ATR 14) of 0.33, Consequently AK Steel Holding Corp (NYSE:AKS)’s weekly and monthly volatility is 5.46%, 6.37% respectively. The company’s beta value is at 2.84.
In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corp (NYSE:AKS) has analysts’ mean recommendation of 2.7. 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 $-0.12 and can go high up to $0.11. The consensus mean EPS for the current quarter is at $0.01 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.19 earnings per share for the same quarter during last year.
Previously AK Steel Holding Corp (NYSE:AKS) reported $-0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.13 by $0.07. The company posted an earnings surprise of 53.8%.
While considering growth estimates of the company, it has next quarter growth estimates of 15.8% whereas during current quarter it has -94.7% estimations over growth, comparing to the estimations of 80.6% during current year and 28.6% for next year. Past 5 years growth of AK Steel Holding Corp (NYSE:AKS) observed at 20.46%, looking forward for the next 5 years it has a strong prediction of 22.44% over growth.
AK Steel Holding Corp (NYSE:AKS)’s revenue estimates for the current quarter are $1.56 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 $1.43 Billion. For the current year the company’s revenue estimates are $6.45 Billion compared to low analyst estimates of $6.29 Billion and high estimates of $6.68 Billion according to 12 number of analysts.
Currently AK Steel Holding Corp (NYSE:AKS)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 68.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 2.9%.
AK Steel Holding Corp (NYSE:AKS) 52-week high price stands at $8.65 and low price stands at $4.00, its price distance from 52-week high is -38.07% while its distance from 52-week low price is 34%. The stock hit its 52-week high on 03/16/17, and 52-week low on 11/15/17.
AK Steel Holding Corp (NYSE:AKS)’s trailing twelve month revenues are $6.08 Billion, whereas its price to sales ratio for the same period is 0.29. Its book value per share for the most recent quarter is $-0.69 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 $0.12, however its price to cash per share ratio for the same period is 46.08. The stock has 5 year expected PEG ratio of 2.13 whereas its trailing twelve month P/E ratio is 47.86.