AK Steel Holding Corporation (NYSE:AKS) registered a 1.67% increase, still its new closing price is 296.00% up from the company’s 1 year high of 11.39.It posted -3.30% losses in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 2 sells versus 2 buy or better ratings. The 15 stock analysts following this company have an average price target at $9.66, with individual PT in the $7.00-$13.00 range. The shares moved at $7.92, implying that brokerage firms see shares gaining about 258.37% in twelve months time.
AK Steel Holding Corporation (AKS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -22.43% fall year to date. A Director at AK Steel Holding Corporation (AKS) offloaded shares in a transaction closed on Thursday July 28, 2016. WRIGHT VICENTE sold 27,000 shares in the company at $6.7 each and collected $180,001 in proceeds. WRIGHT VICENTE now owns 96,882 shares in the company after this transaction. A Executive VP, Finance and CFO in the company, Newport Roger K, disclosed a transaction on Friday July 31, 2015 that ended up paying $15,001 from the purchase of 5,000 shares at $3.12 per share.
AK Steel Holding Corporation (NYSE:AKS) Upcoming Results on Tap
AK Steel Holding Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.14 in that period. Sales during the quarter are predicted to arrive at $1.49 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.42 billion in revenue and EPS of $0.25. The mean forecast was for $1.41 billion and $0.06 a share, respectively. One quarter earlier, revenue for the stock was at $1.45 billion, with earnings at $0.21/share.
AK Steel Holding Corporation (AKS) Brokerage Update
AK Steel Holding Corporation (AKS) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Wednesday January 25, 2017.Another important research note was issued by Citigroup on Thursday January 19, 2017.The firm downgraded AKS to Sell from Neutral. Over the last six months and over the last three months, the shares of AK Steel Holding Corporation (AKS), have changed 27.33% and 54.99%, respectively.