What's Propelling AK Steel Holding Corporation (AKS) to Decline So Much?

Jefferies Group LLC reaffirmed a buy rating and set a $45.00 target price on shares of United States Steel in a report on Wednesday, February 1st. Morgan Stanley cut shares of AK Steel Holding from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $8.39 to $11.00 in a report on Monday, February 13th. The company now has an average rating of "Hold" and an average price target of $30.49. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company.

Latest Analyst Recommendations: The research report and subsequent rating should be used to complement individual homework and strategy. Company shares have been seen trading -49.73% off of the 52 week high and 53.28% away from the 52 week low. Shares are trading -1.24% below their 50-day moving average, and 0.15% below their 200-day moving average. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.

United States Steel (NYSE:X) last announced its earnings results on Tuesday, April 25th. 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 company's expected revenue in the current quarter to be 2.98 Billion, seeing a projected current quarter growth of 235.5%, and per annum growth estimates over the next 5 year period of around 8%. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Its last 5-Year EPS growth stands at 20.60% with earnings growth of 62.20% yoy. On average, equities analysts forecast that AK Steel Holding will post $0.61 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by BBNS and is the property of of BBNS. If you are accessing this article on another website, it was stolen and republished in violation of U.S. and global trademark & copyright legislation. Shareholders of record on Wednesday, May 10th will be issued a dividend of $0.05 per share. Its price/book multiple of 0.65 compared with the 4.45 while its free cash flow yield of 2.59 should be matched with that of its industry's 56.27. United States Steel earned a coverage optimism score of 0.16 on Alpha One's scale. On Friday, October 28 the stock rating was maintained by Deutsche Bank with "Hold". Also, Director Stephen J. Girsky acquired 2,500 shares of the company's stock in a transaction dated Tuesday, May 16th. Market Capitalization if basically the market value of the company's shares outstanding. The disclosure for this purchase can be found here. The stock has relative volume of 1.49.

A number of institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its position in shares of United States Steel by 42.4% in the third quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of United States Steel by 1,971.9% in the first quarter. HL Financial Services LLC now owns 22,185 shares of the basic materials company's stock worth $418,000 after buying an additional 3,310 shares during the period. Finally, Bluestein R H & Co. bought a new stake in United States Steel during the fourth quarter valued at about $214,000. In the past three months the stock value surged 35.85%. Following the acquisition, the director now owns 12,377 shares of the company's stock, valued at $238,999.87. American Century Companies invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Streetinsider.com which released: "Form SD AK STEEL HOLDING CORP" on May 26, 2017, also Seekingalpha.com with their article: "AK Steel: Expect Upside To $7.50" published on May 18, 2017, Fool.com published: "AK Steel Holding's and TimkenSteel's Stocks Tumbled Double Digits in April ..." on May 09, 2017.

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