Markets

AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (AKS)

The stock declined 9.86% or $0.59 reaching $5.39 on the news. (NYSE:QEP). At the time of writing, the First Call consensus price target for the company is $16.27.

A number of research analysts recently weighed in on X shares.

7/27/2017-Longbow Research was Downgraded by analysts at Longbow Research from a "Buy " rating to a " Neutral" rating. The stock now has a consensus rating of Hold and a consensus target price of $28.20. Morgan Stanley reissued an "overweight" rating on shares of United States Steel in a research report on Friday, July 21st. While the stock price moved along with the volume change, shares are touching $5.41.

Today, Jefferies Group LLC reiterated its Buy rating on AK Steel Holding Corporation (NYSE:AKS). The company has a consensus rating of "Hold" and a consensus price target of $28.20.

The rating was downgraded by UBS to "Sell" on Friday, April 8.

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TRADEMARK VIOLATION NOTICE: "AK Steel Holding Corporation (NYSE:AKS) Rating Lowered to Buy at ValuEngine" was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. The firm's market capitalization is $4.01 billion. The firm has a 50 day moving average price of $22.46 and a 200 day moving average price of $28.59. Investors purchased 51,977 put options on the company. The day's total volume of 48994410 this morning is in contrast from the three-month daily average of 18075.48K. United States Steel Corp (NYSE:X) was reduced too. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.92. United States Steel had a net margin of 8.30% and a return on equity of 44.29%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. In contrast to the year ago quarter EPS was at 0.14.

In related news, Director Paul Anthony Mascarenas acquired 1,500 shares of the stock in a transaction dated Thursday, May 18th. If you are accessing this piece on another publication, it was copied illegally and republished in violation of USA and global copyright & trademark law. The legal version of this article can be viewed at https://weekherald.com/2017/07/29/jefferies-group-weighs-in-on-united-states-steel-co-s-q3-2017-earnings-nysex.html.

In other news, Director Stephen J. Girsky bought 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. The average volume stands around 17.95 million shares. Following the purchase, the director now directly owns 21,872 shares in the company, valued at approximately $436,127.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The total number of Outstanding Shares is 314.82 Million.

On 2/10/2015 James A Thomson, Director, sold 6,500 with an average share price of $4.20 per share and the total transaction amounting to $27,300.00. The disclosure for this purchase can be found here. Institutional owners hold 79.70% stake in the company, while insiders ownership held at 0.60%. BlackRock Inc. increased its stake in shares of United States Steel Corporation by 12,021.7% in the first quarter. Teachers Advisors LLC now owns 8,114,044 shares of the basic materials company's stock worth $58,340,000 after buying an additional 3,150,282 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of United States Steel during the first quarter worth $209,000. For the week, the stock is performing -7.43%. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel by 21.4% in the first quarter. Boston Advisors LLC now owns 536,600 shares of the basic materials company's stock valued at $3,858,000 after buying an additional 118,820 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in AK Steel Holding Corporation by 25.6% 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 period. State of New Jersey Common Pension Fund D bought a new stake in shares of United States Steel Corporation during the second quarter valued at approximately $37,749,000.


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