AK Steel Holding Corporation (NYSE:AKS) has been downgraded from Outperform to Neutral in a statement by Macquarie Research earlier today.
- Updated: November 29, 2016
Macquarie Research has downgraded AK Steel Holding Corporation (NYSE:AKS) from Outperform to Neutral in a statement released on Tuesday November 29, 2016.
Previously on 11/22/2016, Vetr Inc. reported about AK Steel Holding Corporation (NYSE:AKS) bumped up the target price from $0.00 to $7.45. At the time, this indicated a possible downside of -0.16%.
Yesterday AK Steel Holding Corporation (NYSE:AKS) traded -0.86% lower at $9.14. AK Steel Holding Corporation’s 50-day average is $6.26 and its two hundred day average is $5.19. With the last stock price close up 73.99% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Trading volume was down over the average, with 17,914,891 shares of AKS changing hands under the typical 18,324,000
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AK Steel Holding Corporation has 52 week low of $1.64 and a 52 week high of $9.50 and has a total market value of $0.
A total of 12 firms have reported on the stock. 0 brokerages rating the stock a strong buy, 3 brokerages rating the company a buy, eight analysts rating the company a hold, two brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month target of $4.48.
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 hot-rolled carbon steel products.
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