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Ak Steel Holding Corp Sentiment Improves on Better Stock Potential

08 September 2017

AK Steel Holding Corporation (AKS) has been given an average price target of $8.3 from analysts, according to data collected by Finviz. The basic materials company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.13 by $0.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Salem Inv Counselors invested in 400 shares or 0% of the stock. Cowen and Company lowered shares of United States Steel Corporation from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $60.00 to $21.00 in a research report on Wednesday, May 10th. The company has a 50 day moving average price of $24.50 and a 200-day moving average price of $26.46. The current market value of the company is $1.89B. The consensus mean EPS for the current quarter is at $0.05 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. CarMax, Inc (NYSE:KMX) has risen 26.17% since September 7, 2016 and is uptrending. The business's revenue for the quarter was up 21.7% compared to the same quarter past year. Next quarter's EPS is forecasted at $0.11 with next year's EPS projected to be $0.74. Amalgamated Bank lifted its stake in shares of AK Steel Holding Corporation by 0.3% in the 1st quarter. State Treasurer State of MI now owns 70,800 shares of the basic materials company's stock worth $2,394,000 after purchasing an additional 1,300 shares in the last quarter. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, August 7th. United States Steel Corporation's payout ratio is now 125.00%. The firm earned "Neutral" rating on Thursday, January 19 by Citigroup. If you are reading this article on another website, it was copied illegally and republished in violation of USA and worldwide copyright legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/09/07/united-states-steel-corporation-x-position-increased-by-marshall-wace-north-america-l-p.html. The analysts, on average, are forecasting a $8.05 price target, but the stock is already up 50.9% from its recent lows.

According to analysts AK Steel Holding Corp (NYSE:AKS)'s minimum EPS for the current quarter is at $0.01 and can go high up to $0.18. The firm earned "Hold" rating on Tuesday, November 29 by Argus Research.

On June 23 the company was set at "Buy" by Deutsche Bank up from the previous "Hold" rating. On July 27 the company was downgraded to "Neutral" from "Buy" by Longbow Research. The hedge funds in our partner's database now own: 240.79 million shares, up from 169.84 million shares in 2016Q3. Global X Management Co. World Asset Management Inc lifted its stake in shares of AK Steel Holding Corporation by 1.4% in the 1st quarter.

The company is now up since yesterday's close of 5.77. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United States Steel Corporation by 10.7% during the 2nd quarter. Market capitalization is the market value of a company's outstanding shares. Finally, American Century Companies Inc. bought a new position in United States Steel Corporation in the first quarter worth $602,000. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company's stock valued at $566,096,000 after purchasing an additional 1,539,412 shares during the period.

AK Steel Holding Corporation, launched on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm operates through three divisions: Flat-Rolled Products, U. In addition, it operates trading companies in Mexico and Europe that buy and sell steel, and steel products and other materials.