News coverage about AK Steel (NYSE:AKS) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media 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 -1 to 1, with scores closest to one being the most favorable. AK Steel earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.5761816744219 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
AK Steel (AKS) opened at $4.95 on Tuesday. AK Steel has a fifty-two week low of $4.00 and a fifty-two week high of $8.34. The company has a quick ratio of 0.69, a current ratio of 1.83 and a debt-to-equity ratio of 16.33. The firm has a market capitalization of $1,617.41, a P/E ratio of 247.62, a PEG ratio of 1.82 and a beta of 2.74.
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, beating the Zacks’ consensus estimate of ($0.13) by $0.07. AK Steel had a return on equity of 71.24% and a net margin of 0.16%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. sell-side analysts forecast that AK Steel will post 0.56 EPS for the current fiscal year.
Several research analysts have issued reports on AKS shares. Zacks Investment Research upgraded AK Steel from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Monday, January 8th. Cowen reiterated a “hold” rating and issued a $7.00 price target on shares of AK Steel in a report on Thursday, January 4th. Vetr lowered 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. Jefferies Group lowered AK Steel from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.64 to $6.50 in a report on Tuesday, January 9th. Finally, Longbow Research upgraded AK Steel from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.53 to $7.00 in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.69.
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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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