AK Steel (NYSE:AKS) Given Media Impact Rating of 0.24

Press coverage about AK Steel (NYSE:AKS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AK Steel earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.4205760475152 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently weighed in on AKS shares. Longbow Research reissued a “neutral” rating on shares of AK Steel in a research note on Tuesday, October 3rd. BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of AK Steel in a research note on Thursday, October 5th. Cowen reissued a “hold” rating and set a $6.00 price objective on shares of AK Steel in a research note on Tuesday, October 24th. Clarkson Capital lowered AK Steel from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. reduced their price objective on AK Steel from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.98.

AK Steel (AKS) traded down $0.43 on Wednesday, hitting $5.06. The stock had a trading volume of 46,086,668 shares, compared to its average volume of 18,490,000. The stock has a market capitalization of $1,590.00, a price-to-earnings ratio of 253.00, a P/E/G ratio of 1.54 and a beta of 2.90. AK Steel has a one year low of $4.00 and a one year high of $9.19. The company has a debt-to-equity ratio of 11.89, a current ratio of 1.92 and a quick ratio of 0.75.

AK Steel (NYSE:AKS) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. AK Steel had a net margin of 0.92% and a return on equity of 140.37%. equities analysts expect that AK Steel will post 0.26 earnings per share for the current year.

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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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