AK Steel Holding Corporation (NYSE:AKS) stock is presently standing at about $7.50 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $6.00, which suggests the stock could still rise over -25 percent. The highest analyst price target is $8.00, which implies a rally of 93 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 0 rate AKS a strong buy. There are 8 equity research firms advocating a Hold and 1 consider it Sell.
Jefferies analysts provided their view on AK Steel Holding Corporation (NYSE:AKS) recently. The rating firm issued a Buy rating to this company in a research note released on Oct 28, 2016. BofA/Merrill analysts disclosed their opinion on AK Steel Holding Corporation (NYSE:AKS) recently. The rating firm gave a Buy rating to this stock in a research note published on Oct 26, 2016. According to a research note disclosed on Oct 03, 2016, analysts at Deutsche Bank have upped their rating on these shares from Sell to Hold.
AK Steel Holding Corporation (NYSE:AKS) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director WRIGHT VICENTE sold 27,000 company shares for $180000.9, in a transaction on 2016-07-28. Following the transaction, the Director is left with a stake of 180.9 shares, currently valued at $1357. Meanwhile, Executive VP, Finance and CFO Newport Roger K purchased 5,000 shares worth $15000.6, through a transaction dated 2015-07-31. Following the completion of the transaction, the insider is left with a stake of 160,784 shares, amounting $1205880. AKS Controller & Chief Acct. Off. Hoffbauer Gregory A also purchased 2,200 shares, at a stock price of $3.35. This transaction occurred on 2015-07-30 totals $7000.37. After this transaction, the insider’s stake stands at 31,901 shares, with a market value of $239258.
Executives hold 2.68 percent of the stock. James L. Wainscott is one of the biggest insider owners in AK Steel Holding Corporation (NYSE:AKS), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 944,216 shares which have current market value of around $7081620.David C. Horn is another major inside shareholder in the company. The insider owns 300,742 shares as of 0.1%, currently worth $2255565. Mr. Richard A. Abdoo is ranked as third insider holder of the stock. This insider holds 256,776 shares with a market value around $1925820 as of recent close.
AK Steel Holding Corporation (NYSE:AKS) Earnings Outlook
In AK Steel Holding Corporation (NYSE:AKS)’s latest quarter, EPS moved to $0.21 from $0.08 in preceding quarter and revenues reached at $1,452.90M compared to $1,492.20M. Analysts had expected AK Steel Holding Corporation (NYSE:AKS) to post net income of about $0.13 per share on $1,469.65M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.05 to $0.15. That is compared with the $0.30 in EPS it reported during the same period a year ago.