A statement released earlier today by Citigroup Inc. about AK Steel Holding Corporation (NYSE:AKS) bumps the target price to $5.40
- Updated: September 17, 2016
Showing a price of $4.67, AK Steel Holding Corporation (NYSE:AKS) traded 1.23% higher on the day. With the last close up 10.81% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. The company has been tracking to a 50-day average of $5.22 and two hundred day average of $4.61. Trade volume was was down over the average, with 11,250,311 shares of AKS changing hands under the typical 11,678,800 shares.
Citigroup Inc. upped the estimated target of AK Steel Holding Corporation (NYSE:AKS) to $5, reporting a possible upside of 0.16%,
Also covering AK Steel Holding Corporation’s target price, a total of 12 brokers have released a ratings update on the company. The consensus target stock price is $4.48 with 0 rating the stock a strong buy, three firms rating the stock a buy, eight analysts rating the stock a hold, two firms rating the stock to underperform, and finally one analyst rating the company as sell.
AK Steel Holding Corporation has a one-year low of $1.64 and a one-year high of $7.09 and has a market cap of $0.0.
Brief Synopsis About AK Steel Holding Corporation (NYSE:AKS)
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials. It sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and and hot-rolled carbon steel products.
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