AK Steel (NYSE:AKS) Gets an Upgrade to a “Underperform” Rating

September 8, 2018 - By Jason Dias

AK Steel Holding Corporation (NYSE:AKS) Logo

Investors sentiment increased to 1.28 in Q1 2018. Its up 0.15, from 1.13 in 2017Q4. It increased, as 37 investors sold AK Steel Holding Corporation shares while 55 reduced holdings. 50 funds opened positions while 68 raised stakes. 196.55 million shares or 5.51% less from 208.02 million shares in 2017Q4 were reported.

Columbia Ptnrs L L C Invest Management holds 0.14% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 243,629 shares. Maverick Ltd owns 170,970 shares. Archford Capital Strategies Limited Liability Company reported 57 shares. Sg Americas Ltd Liability has invested 0% in AK Steel Holding Corporation (NYSE:AKS). 91,840 are held by Two Sigma Ltd Liability Co. Invesco Ltd holds 530,387 shares or 0% of its portfolio. Alphamark Advsr Ltd Liability Company reported 60,000 shares. Gsa Prns Ltd Liability Partnership invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). State Of Alaska Department Of Revenue invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Asset Mngmt, a Michigan-based fund reported 16,023 shares. Barclays Public Llc holds 0% or 320,457 shares in its portfolio. Public Employees Retirement System Of Ohio holds 0% or 9,654 shares. Virtu Financial Ltd Limited Liability Company stated it has 0.03% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Moreover, Hourglass Lc has 0.04% invested in AK Steel Holding Corporation (NYSE:AKS) for 40,000 shares. Shikiar Asset Mgmt stated it has 0.16% in AK Steel Holding Corporation (NYSE:AKS).

Since May 8, 2018, it had 1 buy, and 2 selling transactions for $91,238 activity. GERBER WILLIAM K sold $55,776 worth of stock. Shares for $45,712 were sold by THOMSON JAMES A.

AK Steel (NYSE:AKS) Stock Upgrade

The rating for shares of AK Steel (NYSE:AKS) were increased by investment analysts at BofA Merrill from a “Underperform” rating to a “Buy” rating in a report revealed to investors and clients on Friday morning.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 8 analysts covering AK Steel Holding (NYSE:AKS), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. AK Steel Holding has $6 highest and $3.25 lowest target. $4.75’s average target is 13.37% above currents $4.19 stock price. AK Steel Holding had 12 analyst reports since March 20, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, April 17 with “Hold”. The firm has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley. Bank of America maintained AK Steel Holding Corporation (NYSE:AKS) on Tuesday, May 1 with “Underperform” rating. On Tuesday, May 1 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, August 27 report. The rating was maintained by Cowen & Co with “Hold” on Tuesday, May 1. The rating was downgraded by Goldman Sachs on Tuesday, May 29 to “Sell”. The company was maintained on Tuesday, May 1 by Credit Suisse. The stock has “Hold” rating by Deutsche Bank on Monday, July 9. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Buy” rating given on Friday, September 7 by Bank of America.

The stock decreased 0.95% or $0.04 during the last trading session, reaching $4.19. About 21.20 million shares traded or 75.29% up from the average. AK Steel Holding Corporation (NYSE:AKS) has declined 24.75% since September 8, 2017 and is downtrending. It has underperformed by 37.32% the S&P500.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on October, 30. They expect $0.23 earnings per share, up 1,050.00 % or $0.21 from last year’s $0.02 per share. AKS’s profit will be $72.57 million for 4.55 P/E if the $0.23 EPS becomes a reality. After $0.22 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts 4.55 % EPS growth.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $1.32 billion. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It currently has negative earnings. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

More news for AK Steel Holding Corporation (NYSE:AKS) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For September 7, 2018” on September 07, 2018. Streetinsider.com‘s article titled: “UPDATE: BofA/Merrill Lynch Upgrades AK Steel (AKS) to Buy” and published on September 07, 2018 is yet another important article.

AK Steel Holding Corporation (NYSE:AKS) Institutional Positions Chart

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