Somewhat Positive News Coverage Somewhat Unlikely to Impact AK Steel (AKS) Stock Price

Media coverage about AK Steel (NYSE:AKS) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AK Steel earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.7122989802979 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

AKS has been the topic of several research reports. Credit Suisse Group raised shares of AK Steel from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $6.00 to $7.00 in a report on Tuesday, November 21st. Jefferies Group reaffirmed a “buy” rating on shares of AK Steel in a report on Friday, November 10th. BMO Capital Markets decreased their price target on shares of AK Steel from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. JPMorgan Chase & Co. raised shares of AK Steel from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $6.00 to $7.00 in a report on Thursday, December 7th. Finally, Clarkson Capital lowered shares of AK Steel from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. AK Steel presently has a consensus rating of “Hold” and a consensus target price of $6.88.

Shares of AK Steel (AKS) opened at $5.96 on Friday. AK Steel has a 1-year low of $4.00 and a 1-year high of $9.19. The company has a current ratio of 1.83, a quick ratio of 0.69 and a debt-to-equity ratio of 15.72. The firm has a market cap of $1,879.09, a P/E ratio of 298.15, a price-to-earnings-growth ratio of 2.24 and a beta of 2.88.

AK Steel (NYSE:AKS) last posted its earnings results on Tuesday, January 30th. The basic materials company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.07. AK Steel had a net margin of 0.16% and a return on equity of 70.67%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities analysts predict that AK Steel will post 0.53 earnings per share for the current fiscal year.

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AK Steel Company Profile

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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