Press coverage about AK Steel (NYSE:AKS) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AK Steel earned a news impact score of 0.19 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.3342571621831 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several research analysts have recently issued reports on AKS shares. Cowen reissued a “hold” rating and issued a $7.00 target price on shares of AK Steel in a research report on Thursday, January 4th. BMO Capital Markets reduced their price objective on AK Steel from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st. Clarkson Capital lowered AK Steel from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of AK Steel in a report on Tuesday, September 19th. Finally, Jefferies Group lowered AK Steel from a “buy” rating to a “hold” rating and reduced their target price for the stock from $6.64 to $6.50 in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $7.54.
Shares of AK Steel (NYSE:AKS) traded down $0.24 during trading on Friday, hitting $6.19. The stock had a trading volume of 22,086,735 shares, compared to its average volume of 16,070,000. AK Steel has a fifty-two week low of $4.00 and a fifty-two week high of $10.78. The company has a quick ratio of 0.75, a current ratio of 1.92 and a debt-to-equity ratio of 11.89. The stock has a market capitalization of $1,950.00, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 1.60 and a beta of 2.90.
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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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