KeyBanc Capital Markets upgraded AK Steel Holding Corporation (NYSE:AKS) from Underweight to Sector Weight in a statement released earlier today.
- Updated: September 18, 2016
KeyBanc Capital Markets has upgraded AK Steel Holding Corporation(NYSE:AKS) from Underweight to Sector Weight in a statement released on 9/19/2016.
On 9/15/2016, Jefferies & Co released a statement on AK Steel Holding Corporation(NYSE:AKS) lowered the target price from $5.50 to $4.50. At the time, this indicated a possible upside of 0.11%.
Having a price of $4.11, AK Steel Holding Corporation (NYSE:AKS) traded 0.00% even on the day. The last stock price close is down 10.81% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 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 11,282,689 shares of AKS changing hands under the typical 11,678,800 shares.
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AK Steel Holding Corporation has a one-year low of $1.64 and a one-year high of $7.09 . AKS’s market capitalization is presently $0.0.
Also covering AK Steel Holding Corporation’s price target, a total of 12 brokers have issued a ratings update on AKS. The one year target is $4.48 with 0 rating the company a strong buy, three firms rating the stock a buy, eight firms rating the stock a hold, two firms rating the stock to underperform, and lastly one firmrating the company as 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 and hot-rolled carbon steel products.
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