Vetr Inc. Lowers AK Steel Holding Co. (AKS) to Sell

Posted February 25, 2017

Also, VP David J. Rintoul sold 18,330 shares of United States Steel Corporation stock in a transaction dated Wednesday, November 16th. The firm now has $8.49 price objective on the stock. This insider holds 300,742 shares with a market value around $2724722.52 as of recent close. Analysts mean target price for AK Steel Holding Corporation (NYSE:AKS) is $9.66 while their mean recommendation is 3.00 (1=Buy, 5=sell).

The company reported its EPS on 01/24/2017. Citigroup Inc. downgraded AK Steel Holding from a "neutral" rating to a "sell" rating and set a $8.00 price target for the a research note on Thursday, January 19th. In a separate analyst note, JP Morgan downgraded the stock on Jan 25, 2017.

A number of other research firms have also recently issued reports on X. Vetr raised shares of United States Steel Corporation from a strong sell rating to a sell rating and set a $34.00 price target for the company in a report on Wednesday, December 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. AK Steel Holding presently has a consensus rating of Hold and a consensus price target of $7.88. The Tubular segment includes the operating results of U. S. Steel's tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil. In fact, the stock's 50-day ISE/CBOE/PHLX call/put volume ratio of 1.32 is seated just 2 percentage points from a 52-week peak. The company's past year sales total was 1.52 Billion. The 52-week high of the shares is $11.39 while the 52-week low is $2.48.

Capital Research Global Investors held its stake in United States Steel Corporation (NYSE:X) during the third quarter, according to its most recent filing with the SEC. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.16. That value represents a market adjusting for revenues that have been falling by -8.04 % on a quarterly year/year basis as of the company's last quarterly report. AK Steel Holding Corporation has P/S value of 0.43 while its P/B value stands at 0. AK Steel Holding has a 12-month low of $2.47 and a 12-month high of $11.39.

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AK Steel Holding Corporation (NYSE:AKS) said that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $30 per ton, effective immediately with new orders.

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Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans now owns 166,540 shares of the company's stock worth $1,700,000 after buying an additional 44,456 shares in the last quarter. Municipal Employees Retirement System of MI increased its stake in shares of AK Steel Holding by 1.6% in the third quarter.

The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Victory Capital Management Inc. purchased a new stake in shares of AK Steel Holding during the third quarter valued at about $19,565,000. The number of shares now owned by investors are 172.98 mln. A round of overdue upgrades could get the stock moving higher again. Following the completion of the transaction, the chief executive officer now owns 492,276 shares of the company's stock, valued at $15,875,901. It should be noted that the company is a major producer of flat-rolled carbon, electrical steel and stainless products, and stainless tubular and carbon products, mainly for automotive, manufacturing and infrastructure, power generation and distribution sectors.