Live Price Coverage: Will AK Steel Holding Corporation Run Out of Steam Soon?

Live Price Coverage: Will AK Steel Holding Corporation Run Out of Steam Soon?

The stock of AK Steel Holding Corporation (NYSE:AKS) hit a new 52-week high and has $9.08 target or 6.00% above today’s $8.57 share price. The 5 months bullish chart indicates low risk for the $2.71B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $9.08 price target is reached, the company will be worth $162.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.19M shares traded hands. AK Steel Holding Corporation (NYSE:AKS) has risen 61.90% since April 20, 2016 and is uptrending. It has outperformed by 57.34% the S&P500.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Out of 15 analysts covering AK Steel Holding Corporation (NYSE:AKS), 7 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 47% are positive. $8 is the highest target while $2 is the lowest. The $5.26 average target is -38.62% below today’s ($8.57) stock price. AK Steel Holding Corporation has been the topic of 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was initiated by Citigroup. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 13. The firm has “Sell” rating by UBS given on Friday, April 8. Deutsche Bank downgraded AK Steel Holding Corporation (NYSE:AKS) rating on Monday, October 5. Deutsche Bank has “Hold” rating and $3 price target. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Overweight” rating by Morgan Stanley on Monday, November 14. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Neutral” rating given on Wednesday, March 9 by Nomura. The company was initiated on Thursday, September 10 by BB&T Capital. Deutsche Bank maintained AK Steel Holding Corporation (NYSE:AKS) on Friday, October 28 with “Hold” rating. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Underweight” rating by KeyBanc Capital Markets on Friday, August 19. Credit Suisse maintained AK Steel Holding Corporation (NYSE:AKS) on Wednesday, March 23 with “Underperform” rating.

According to Zacks Investment Research, “AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel maintains a relentless pursuit of improvement in every critical performance measure. The result is a track record without equal.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 2.16, from 3.34 in 2016Q1. The ratio is negative, as 16 funds sold all AK Steel Holding Corporation shares owned while 25 reduced positions. 45 funds bought stakes while 92 increased positions. They now own 302.64 million shares or 221.86% more from 94.03 million shares in 2016Q1.
Moreover, Blackrock Institutional Na has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 5.94M shares. Principal Fincl Group Inc holds 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 1.73 million shares. Pnc Fincl accumulated 111,291 shares or 0% of the stock. Investors Cap Advisory Service owns 20,600 shares or 0.02% of their US portfolio. Martingale Asset Management Lp has 0.01% invested in the company for 139,519 shares. Panagora Asset Mgmt accumulated 1.60 million shares or 0.04% of the stock. Allianz Asset Ag last reported 1.36 million shares in the company. Anchor Bolt Capital Ltd Partnership has 4.55M shares for 0.74% of their US portfolio. Dc Cap Ltd last reported 1.00 million shares in the company. Inv Centers Of America, a North Dakota-based fund reported 12,800 shares. Financial Architects holds 0% or 400 shares in its portfolio. Gsa Cap Ptnrs Llp holds 0.02% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 88,115 shares. Archford Cap Strategies has 0% invested in the company for 115 shares. Shelton Cap Mngmt has 0.01% invested in the company for 14,920 shares. National Bank Of Montreal Can last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 1 sale for $180,900 net activity. WRIGHT VICENTE sold $180,900 worth of AK Steel Holding Corporation (NYSE:AKS) on Thursday, July 28.

More news for AK Steel Holding Corporation (NYSE:AKS) were recently published by: Investorplace.com, which released: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” on November 14, 2016. Reuters.com‘s article titled: “BRIEF-AK Steel Holding Corp Q3 earnings per share $0.21” and published on October 25, 2016 is yet another important article.

AKS Company Profile

AK Steel Holding Corporation, incorporated on December 20, 1993, is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These activities produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Firm also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

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