Opinion

AK Steel Holding Corporation (NYSE:AKS) Analysts Recommendations and Insider Trading

AK Steel Holding Corporation (NYSE:AKS) stock is presently standing at about $7.89 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $9.75, which suggests the stock could still rise over 19 percent. The highest analyst price target is $13.00, which implies a rally of 35 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 2 rate AKS a strong buy. There are 11 equity research firms advocating a Hold and 2 consider it Sell.

Morgan Stanley analysts provided their view on AK Steel Holding Corporation (NYSE:AKS) recently. The rating firm issued a Equal-Weight rating to this company in a research note released on Feb 13, 2017. JP Morgan analysts disclosed their opinion on AK Steel Holding Corporation (NYSE:AKS) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 25, 2017. According to a research note disclosed on Jan 19, 2017, analysts at Citigroup have lowered their rating on these shares from Neutral to Sell.

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 180900, in a transaction on 2016-07-28. Following the transaction, the Director is left with a stake of 96,882 shares, currently valued at $764399. Meanwhile, Executive VP, Finance and CFO Newport Roger K purchased 5,000 shares worth $15600, 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 $1268585.76. 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 $7370. After this transaction, the insider’s stake stands at 31,901 shares, with a market value of $251699.

Executives hold 1.60 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 $7449864.24.Roger K. Newport is another major inside shareholder in the company. The insider owns 335,600 shares as of 0.11%, currently worth $2647884. David C. Horn is ranked as third insider holder of the stock. This insider holds 300,742 shares with a market value around $2372854.38 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 $0.14 from $0.21 in preceding quarter and revenues reached at $1,418.60M compared to $1,452.90M. Analysts had expected AK Steel Holding Corporation (NYSE:AKS) to post net income of about $0.06 per share on $1,412.45M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.07 to $0.23. That is compared with the $-0.14 in EPS it reported during the same period a year ago.

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