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Principale » AK Steel Holding Corporation (AKS) closed its previous trading session at $6.57

AK Steel Holding Corporation (AKS) closed its previous trading session at $6.57

03 Juillet 2017

The institutional investor owned 2,453,616 shares of the basic materials company's stock after buying an additional 106,258 shares during the period. Federated Investors Inc. PA now owns 91,909 shares of the basic materials company's stock worth $3,034,000 after buying an additional 686 shares during the period. The firm now has a $23.00 target price on the basic materials company's stock. FMR LLC acquired a new stake in shares of AK Steel Holding Corporation during the fourth quarter worth $49,391,000. Thrivent Financial for Lutherans now owns 29,170 shares of the basic materials company's stock worth $963,000 after buying an additional 2,840 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of AK Steel Holding Corporation during the first quarter valued at approximately $135,000.

So far, investors have shrugged off the EU's threatened crackdown, with Google's holding company Alphabet's shares down 1.8% in early USA trade amid a continued selloff in technology stocks.

AK Steel Holding Corporation (NYSE:AKS) opened at 6.57 on Monday. It is trading at $6.57 a tad higher than the 50 day moving average which is $6.07 and just a bit lower than the 200 day moving average of $7.72. The company's current price-earnings ratio amounts to 24.46 times earnings, above the average P/E ratio of 17.84 times earnings. Now the P/E of AK Steel Holding Corporation (AKS) stands at 24.42. Finally, Bank of America Corporation lowered shares of United States Steel Corporation from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 26th. The basic materials company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $1.18. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.91 billion. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%.

AKS's fiscal year ends Dec 31, 2016 and the most recent quarter started on Mar 31, 2017. During the same period in the prior year, the firm posted ($0.08) EPS. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.17. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, May 8th. United States Steel Corporation's dividend payout ratio (DPR) is presently -12.20%. If you are reading this piece on another site, it was stolen and republished in violation of global trademark and copyright law. If you are reading this report on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark law.

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X has been the subject of a number of research analyst reports. For now, AK Steel Holding Corporation is the toast of Wall Street as its ABR stands at 2.50 with 3 out of 14 analysts rating the stock a buy. Jefferies Group LLC restated a buy rating and issued a $9.00 price objective on shares of AK Steel Holding Corporation in a research note on Friday, April 28th.

AK Steel Holding Corporation (AKS) has a market capitalization of 2.07 Billion which suggests the company is a huge company further suggesting that the shares of AK Steel Holding Corporation (AKS) are stable and safe compared to the lower market capitalization companies. Morgan Stanley reaffirmed a "buy" rating and set a $34.00 target price (down from $48.00) on shares of United States Steel Corporation in a report on Monday, May 1st. Zacks Investment Research raised shares of Timken Steel Corporation from a "hold" rating to a "buy" rating and set a $18.00 price objective for the company in a research report on Tuesday, April 25th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. The firm now has a $29.00 target price on the basic materials company's stock. Dimensional Fund Advisors LP increased its position in shares of Timken Steel Corporation by 30.2% in the first quarter. Stock investors purchased 1,688 put options on the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. The stock was acquired at an average cost of $19.96 per share, for a total transaction of $199,600.00.