Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for shares of AK Steel Holding Corporation in a report issued on Tuesday. BMO Capital Markets reaffirmed a "hold" rating and issued a $40.00 target price on shares of United States Steel Corporation in a research report on Monday, April 24th. Clarkson Capital upgraded AK Steel Holding Corporation from a neutral rating to a buy rating and set a $8.00 price objective for the company in a research note on Thursday, May 25th. - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AK Steel Holding Corporation and related companies.
In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corp (NYSE:AKS) has analysts' mean recommendation of 2.5.
On August 3 Barclays made no change to the company rating of "Equal-Weight" and lowered the price target from $9.00 to $7.00. The stock has a 50 day moving average price of $23.18 and a 200 day moving average price of $27.83.
Beta is also an important valuation ratio for analyzing the stock of the company, AKS has Beta of 2.88 while its industry and Sector's beta remains at 1.1 and 0.94 respectively. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83. Zacks Investment Research upgraded shares of Timken Steel Corporation from a "hold" rating to a "buy" rating and set a $18.00 price objective for the company in a research report on Tuesday, July 18th. As of the latest earnings report the EPS was $0.38 and is projected to be $0.49 for the current year with 314,848,000 shares now outstanding.
AK Steel Holding Corporation (AKS) stock directed 0.38% toward a higher level throughout previous year and swapped -14.03% toward a weak spot during past one month. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. Next quarter's EPS is forecasted at $0.09 and the next full year EPS is projected to be $0.67. The business's revenue for the quarter was up 4.4% on a year-over-year basis.
News headlines about United States Steel Corporation (NYSE:X) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. If you are viewing this report on another website, it was stolen and reposted in violation of US and global copyright law. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/08/13/hl-financial-services-llc-invests-666000-in-united-states-steel-corporation-x.html.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. The ex-dividend date is Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.86%. United States Steel Corporation's dividend payout ratio (DPR) is presently 125.00%. The shares were bought at an average price of $19.94 per share, with a total value of $49,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Overall, volume was up 63.91% over the stocks normal daily volume. Following the completion of the acquisition, the director now directly owns 12,377 shares of the company's stock, valued at approximately $238,999.87. The disclosure for this purchase can be found here. In addition, it operates trading companies in Mexico and Europe that buy and sell steel, and steel products and other materials.
Currently AK Steel Holding Corp (NYSE:AKS)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 79.9%. Vanguard Group Inc. boosted its stake in AK Steel Holding Corporation by 6.6% in the first quarter. Royce & Associates LP boosted its stake in shares of Timken Steel Corporation by 42.2% in the second quarter. Louisiana State Employees Retirement System increased its stake in United States Steel Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC boosted its stake in shares of AK Steel Holding Corporation by 9.1% in the second quarter. Janney Montgomery Scott LLC now owns 34,099 shares of the basic materials company's stock worth $1,153,000 after buying an additional 24,401 shares in the last quarter. Institutional investors own 74.71% of the company's stock.
WARNING: "United States Steel Corporation (X) Releases FY17 Earnings Guidance" was originally reported by Week Herald and is owned by of Week Herald.
AK Steel Holding Corporation, launched on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).