AK Steel (AKS) Given Daily Media Impact Rating of 0.24

Headlines about AK Steel (NYSE:AKS) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AK Steel earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.4205760475152 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

AK Steel (NYSE AKS) opened at $6.64 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89. The firm has a market capitalization of $2,090.00, a PE ratio of 44.27, a PEG ratio of 2.08 and a beta of 2.90. AK Steel has a 52-week low of $4.00 and a 52-week high of $11.28.

A number of research analysts have issued reports on the company. Cowen reissued a “hold” rating and issued a $7.00 target price on shares of AK Steel in a research note on Thursday, January 4th. BMO Capital Markets decreased their target price on AK Steel from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, November 1st. Clarkson Capital cut AK Steel from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of AK Steel in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised AK Steel from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.71.

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About AK Steel

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. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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