Analysts Take on AK Steel Holding Corp (AKS)

Average estimation for the current quarter has been provided by 5 analysts. During the same period previous year, the company earned ($2.15) EPS.

United States Steel Corporation (NYSE:X)'s stock had its "sell" rating reaffirmed by equities research analysts at Axiom Securities in a research note issued on Thursday. 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.

AK Steel Holding Corporation (NYSE AKS) transacted up 0.49% throughout intraday market trading on early Monday, topping $6.20. The basic materials company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of $0.35 by $1.18. AK Steel Holding Corporation had a lower negative return on equity of 235.11% and a net profit margin of 1.16%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted ($2.15) EPS. On November 30 JP Morgan kept the stock rating at "Overweight" but moved up the price target to $11.00 from $5.50. AK Steel Holding Corporation has $10 highest and $1 lowest target. It improved, as 46 investors sold AK Steel Holding Corporation shares while 58 reduced holdings. BMO Capital Markets set a $24.00 target price on United States Steel Corporation and gave the stock a "hold" rating in a research note on Tuesday, July 4th. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Additionally on 6/19/17 Longbow Research "Upgrades" AK Steel Holding Corp (NYSE:AKS) to Buy setting price target at $0 and on 5/19/17 Longbow Research "Initiates Coverage On" the stock to Neutral at $0. Float is the number of shares available for trading of a particular stock. The stock is now showing its Return on Assets (ROA) value of 1.7 Percent. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of $19.96 per share, for a total transaction of $199,600.00. Following the acquisition, the director now directly owns 12,377 shares in the company, valued at $238,999.87. The disclosure for this purchase can be found here.

The Relative Volume of the company is 0.71 and Average Volume (3 months) is 18.67 million. The stock's short float is around of 15.88% and short ratio is 1.23. Vanguard Group Inc. boosted its position in United States Steel Corporation by 10.1% in the first quarter. Deutsche Bank upgraded the shares of AKS in report on Friday, June 23 to "Buy" rating. The shares price has positioned -35.52% down over the past quarter while it has directed -38.25% toward a falling position throughout past six months. 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. Blackrock Fund has invested 0.05% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Its last month's stock price volatility remained 4.81% which for the week stands at 4.87%. Dynamic Technology Lab Private Ltd bought a new stake in shares of United States Steel Corporation during the first quarter worth $209,000. 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.

As of the end of the quarter Spiderrock Advisors LLC had bought 500 shares growing its stake by 11.1%. Moreover, Sanctuary Wealth Advisors Llc has 2.89% invested in the company for 318,892 shares. Hedge funds and other institutional investors own 66.82% of the company's stock.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).

AK Steel Holding Corporation (NYSE:AKS) has signed an agreement to acquire Precision Partners Holding Co. for $360 million. The company has market cap of $883.82 million. The company has a 50-day moving average price of $6.07 and a 200 day moving average price of $7.72.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. The ex-dividend date was set for Monday the 8th of May 2017. United States Steel Corporation's dividend payout ratio is presently -12.20%.

United States Steel Corporation (NYSE:X) opened at 21.86 on Tuesday. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright law.

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