Goldman Sachs Group downgraded shares of AK Steel (NYSE:AKS) from a neutral rating to a sell rating in a report published on Tuesday, MarketBeat.com reports. They currently have $4.00 price objective on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of AK Steel from a strong-buy rating to a buy rating and set a $6.34 price target on the stock. in a report on Thursday, March 8th. Morgan Stanley cut their price target on shares of AK Steel from $6.50 to $6.00 and set an equal weight rating on the stock in a report on Tuesday, April 17th. Jefferies Group reaffirmed a hold rating and set a $6.00 price objective on shares of AK Steel in a research report on Tuesday, January 30th. ValuEngine raised shares of AK Steel from a sell rating to a hold rating in a research report on Wednesday, March 14th. Finally, Cowen reaffirmed a hold rating and set a $5.50 price objective on shares of AK Steel in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $6.04.

AKS stock opened at $4.52 on Tuesday. AK Steel has a 52-week low of $4.00 and a 52-week high of $7.04. The company has a current ratio of 2.09, a quick ratio of 0.76 and a debt-to-equity ratio of 6.34. The company has a market cap of $1.39 billion, a PE ratio of 14.58, a PEG ratio of 1.31 and a beta of 2.89.

AK Steel (NYSE:AKS) last released its quarterly earnings results on Monday, April 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. AK Steel had a negative net margin of 0.38% and a positive return on equity of 37.76%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. equities research analysts anticipate that AK Steel will post 0.68 EPS for the current fiscal year.

In other AK Steel news, Chairman James A. Thomson sold 10,270 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $4.45, for a total value of $45,701.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.13% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new stake in AK Steel in the first quarter worth approximately $6,771,000. Principal Financial Group Inc. grew its position in AK Steel by 2.4% in the first quarter. Principal Financial Group Inc. now owns 2,446,168 shares of the basic materials company’s stock worth $11,081,000 after acquiring an additional 57,228 shares in the last quarter. Highbridge Capital Management LLC grew its position in AK Steel by 77.2% in the first quarter. Highbridge Capital Management LLC now owns 502,647 shares of the basic materials company’s stock worth $2,277,000 after acquiring an additional 219,000 shares in the last quarter. LPL Financial LLC grew its position in AK Steel by 21.8% in the first quarter. LPL Financial LLC now owns 99,289 shares of the basic materials company’s stock worth $450,000 after acquiring an additional 17,739 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its position in AK Steel by 11.7% in the first quarter. MetLife Investment Advisors LLC now owns 143,725 shares of the basic materials company’s stock worth $651,000 after acquiring an additional 15,052 shares in the last quarter. 63.73% of the stock is owned by institutional investors.

About AK Steel

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

Analyst Recommendations for AK Steel (NYSE:AKS)

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