JP Morgan recorded AK Steel Holding Corporation (NYSE:AKS), lowering its target price to $1.00 today
- Updated: November 30, 2016
AK Steel Holding Corporation (NYSE:AKS) had its stock price target reduced to $1.00 by JP Morgan in a report released 11/30/2016. The new target price indicates a possible downside of -0.89% based on the company's previous stock price.
Having a price of $9.13, AK Steel Holding Corporation (NYSE:AKS) traded 2.13% higher on the day. The last stock close price is up 74.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. The company has recorded a 50-day moving average of $6.38 and a 200-day moving average of $5.22. 18,625,304 shares of AKS traded, up from an avg. volume of 18,613,400
With a total market value of $0, AK Steel Holding Corporation has with a 52 week low of $1.64 and a 52 week high of $9.50 .
Also covering AK Steel Holding Corporation's target, a total of 12 equity analysts have released a ratings update on AKS. The one year target is $4.48 with zero analysts rating the stock a strong buy, 3 firms rating the stock a buy, 8 brokerages rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Company Details For 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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