A number of other equities research analysts have also weighed in on the stock.
Timken Steel Corporation (TMST) traded up 0.45% during midday trading on Friday, reaching $15.47. Teachers Advisors LLC now owns 71,244 shares of the basic materials company's stock worth $1,103,000 after buying an additional 3,728 shares during the period.
AK Steel Holding Corporation (NYSE:AKS)'s performance this year to date is -46.91%. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company's stock valued at $172,000 after buying an additional 596 shares during the period. Norges Bank purchased a new position in Timken Steel Corporation during the fourth quarter worth approximately $13,985,000. State Street Corp now owns 12,737,201 shares of the basic materials company's stock valued at $91,579,000 after buying an additional 2,151,457 shares in the last quarter. The company's beta value is at 2.88. Citigroup downgraded AK Steel Holding Corporation (NYSE:AKS) on Thursday, January 19 to "Sell" rating. The company's market capitalization is $686.45 million. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -10.31% and standing -12.08% away from 50-Day Simple Moving Average while traded down -27.53% from 200-Day Simple Moving Average. AK Steel Holding Corporation has a one year low of $3.87 and a one year high of $11.39. (NYSE:JCP) has seen its price went down by -0.18% over the course of one week. The shares price has positioned -7.67% down over the past quarter while it has directed -32.33% toward a falling position throughout past six months. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share.
Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 1 analysts "outperform", 8 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".
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6/28/2017 - AK Steel Holding Corporation had its "buy" rating reaffirmed by analysts at Jefferies Group LLC. Furthermore on 6/19/17 Longbow Research "Upgrades" the stock to Buy at $0. Clarkson Capital raised shares of AK Steel Holding Corporation from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 26th.
AK Steel Holding Corporation (AKS) stock directed -10.26% toward a lower level throughout previous year and swapped -9.67% toward a weak spot during past one month. Longbow Research downgraded shares of AK Steel Holding Corporation from a "buy" rating to a "neutral" rating and boosted their target price for the company from $6.20 to $6.24 in a research note on Thursday, July 27th. February 2 investment analysts at Jefferies held the stock rating at "Hold" and moved up the price target to $5.25 from $4.50. TheStreet cut Timken Steel Corporation from a c- rating to a d+ rating in a research report on Tuesday, June 6th. Timken Steel Corporation presently has a consensus rating of "Hold" and an average target price of $18.83. Its minimum price target estimates has been figured out at $7 while the maximum price target forecast is established at $11.
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its activities included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.