AK Steel Holding Corporation (NYSE:AKS) Lifted to "Buy" at Longbow Research

The business is scheduled to issue its next earnings results after the market closes on Tuesday, July 25th.

Among 22 analysts covering United States Steel Corporation (NYSE:X), 9 have Buy rating, 2 Sell and 11 Hold. For the next fiscal year, analysts anticipate that the firm will report sales of $12.43 billion per share, with estimates ranging from $12.07 billion to $13.08 billion. The Mean Recommendation is the average rating on a stock by the analyst community.

The company declined -2.46% and closed its last trading session at $21.99.

Shares of the company have shown an EPS growth of 52.60% in the last 5 years. The Return on Equity (ROE) and Return on Investment values are -14.9 percent and 14.7 percent respectively. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.91 billion. The firm's quarterly revenue was up 16.4% on a year-over-year basis.

Several research firms recently issued reports on X.

In the last reported quarter, AK Steel Holding Corp reported its Actual EPS (earnings per share) of $0.19/share where most of the analysts working on this stock were estimating the EPS to be $0.14/share. The stock of AK Steel Holding Corporation (NYSE:AKS) has "Hold" rating given on Thursday, September 15 by Jefferies. Cowen and Company reaffirmed a "market perform" rating and set a $7.00 target price on shares of AK Steel Holding Corporation in a research report on Friday, May 12th. The stock of AK Steel Holding Corporation (NYSE:AKS) earned "Underperform" rating by Credit Suisse on Wednesday, March 23. The stock now has a consensus rating of "Hold" and an average target price of $28.60. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. At the time of writing, the First Call consensus price target for the company is $8.64. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) rating on Monday, June 26. The company's stock had a trading volume of 20,738,888 shares.

The stock shows a Short Ratio of 3.65 with the total number of Shares Short (Previous Month) of 53.71 Million.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 1.26% and standing 3.70% away from 50-Day Simple Moving Average while traded down -22.23% from 200-Day Simple Moving Average. The stock hit its 52-week high on 12/08/16, and 52-week low on 09/13/16.

The stock increased 0.97% or $0.15 on July 10, reaching $15.46. The ex-dividend date was set for Monday the 8th of May 2017. The stock was bought at an average cost of $19.96 per share, for a total transaction of $199,600.00. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 14,279,755 shares of the stock are valued at $318.58 million. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation stock in a transaction on Thursday, May 18th. The company posted an earnings surprise of 35.7%. The disclosure for this purchase can be found here. Hedge funds and other institutional investors own 66.82% of the company's stock. They are projecting Next Quarter growth of -19%. BlackRock Inc. now owns 14,279,755 shares of the basic materials company's stock valued at $482,799,000 after buying an additional 14,161,952 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in AK Steel Holding Corporation by 25.6% in the first quarter. Finally, Copper Rock Capital Partners LLC increased its position in shares of AK Steel Holding Corporation by 1.7% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company's stock worth $210,000 after buying an additional 4,391 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company's stock worth $213,000 after buying an additional 1,112 shares during the last quarter. For the last month, company shares are -1.12%. It invests in companies that own and/or operate infrastructure facilities in the infrastructure sector, and in a range of companies, principally in the industrials and materials sector that Voya Investment Management Co. "AK Steel has also underperformed the Zacks categorized "Steel-Producers" industry over a year".

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