Published: Thu, July 13, 2017
Medicine | By Megan Pierce

Are Analysts Bearish AK Steel Holding Corporation (NYSE:AKS) After Last Week?


For the last month, company shares are -1.12%. State Street Corp owned about 3.18% of United States Steel Corporation worth $187,574,000 as of its most recent filing with the SEC. Earnings surprises can have a huge impact on a company's stock price. 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. Acrospire Investment Management LLC raised its position in shares of United States Steel Corporation by 241.1% 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. Century Companies invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United States Steel Corporation by 21.4% in the first quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company's stock valued at $566,096,000 after buying an additional 1,539,412 shares in the last quarter.

Institutional investors have recently made changes to their positions in the company. The New Jersey-based Lord Abbett Co Limited Liability Com has invested 0.16% in AK Steel Holding Corporation (NYSE:AKS). Taking a look back at some historical performance numbers for AK Steel Holding Corporation (AKS), we can see that the stock moved -3.29% for the last five trades. AKS's distance from 20 day simple moving average is -2.72% and distance from 50-Day simple moving average is 1.49%. The third largest holder is State Street Corp, which now holds $123.77 million worth of this stock and that ownership represents almost 3.07% of its market capitalization. They expect $0.15 EPS, up 87.50% or $0.07 from last year's $0.08 per share.

Amarin Corp Ads (NASDAQ:AMRN) has average revenue estimates of $40.35 Million, compared to low analyst estimates of $37.3 Million and high estimates of $42.9 Million for the current quarter. AK Steel Holding Corporation had a lower negative return on equity of 235.11% and a net profit margin of 1.16%. The company's revenue for the quarter was up 16.4% compared to the same quarter previous year. The company beat the analyst EPS Estimate with the difference of $0.1. These shares are 23.19% off its target price of $28.15 and the current market capitalization stands at $4.03B.

COPYRIGHT VIOLATION NOTICE: This story was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another website, it was illegally copied and reposted in violation of worldwide trademark and copyright legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/07/11/united-states-steel-corporation-x-receives-outperform-rating-from-credit-suisse-group-updated-updated.html.

AK Steel Holding Corporation (NYSE:AKS) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. AK Steel Holding Corporation has its outstanding Shares of 320.91 Million. FMR LLC bought a new position in shares of AK Steel Holding Corporation during the fourth quarter worth approximately $49,391,000. Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 1.70.

Basically, a price target is an individual analyst's projection on the future price of a stock.

In other United States Steel Corporation news, Director David Sutherland acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation stock in a transaction on Thursday, May 18th. Following the completion of the transaction, the director now directly owns 21,872 shares in the company, valued at $436,127.68. The disclosure for this purchase can be found here. FBR Capital initiated it with "Underperform" rating and $14 target in Friday, September 18 report. Institutional investors own 76.65% 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). The Company also operates blast furnaces and electric arc furnaces.

Like this: