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How Many AK Steel Holding Corporation (NYSE:AKS)’s Analysts Are Bearish?

December 11, 2017 - By Linda Rogers

 How Many AK Steel Holding Corporation (NYSE:AKS)'s Analysts Are Bearish?
Investors sentiment increased to 1.32 in Q2 2017. Its up 0.35, from 0.97 in 2017Q1. It increased, as 46 investors sold AK Steel Holding Corporation shares while 57 reduced holdings. 45 funds opened positions while 91 raised stakes. 224.47 million shares or 4.37% less from 234.74 million shares in 2017Q1 were reported.
Ellington Mgmt Gru Lc holds 14,600 shares. Palisade Mgmt Ltd Nj holds 52,995 shares. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 10,000 shares. Copper Rock Capital Ltd Llc holds 2.07% or 3.17 million shares in its portfolio. California Employees Retirement Sys has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Wells Fargo And Company Mn holds 636,748 shares or 0% of its portfolio. Bridgeway Cap Mngmt accumulated 122,200 shares. Teachers Retirement Systems Of The State Of Kentucky stated it has 104,300 shares. Adage Prns Grp Incorporated Ltd Liability Co holds 800,000 shares. Wfg Advsr Lp owns 9,307 shares or 0.01% of their US portfolio. Cibc Asset Management Incorporated reported 18,931 shares. Ls Inv Lc invested in 11,290 shares. Canada Pension Plan Inv Board owns 132,500 shares for 0% of their portfolio. 280,516 are owned by Quantbot Lp. 40,655 were reported by Petrus Lta.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. AK Steel Holding Corporation had 75 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Hold”. Longbow upgraded the stock to “Buy” rating in Monday, June 19 report. Macquarie Research upgraded the stock to “Outperform” rating in Monday, April 24 report. Rosenblatt initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with “Buy” rating. The rating was upgraded by Bank of America on Wednesday, October 26 to “Buy”. Citigroup initiated AK Steel Holding Corporation (NYSE:AKS) rating on Monday, August 22. Citigroup has “Neutral” rating and $5.40 target. Barclays Capital maintained AK Steel Holding Corporation (NYSE:AKS) on Thursday, August 3 with “Equal-Weight” rating. Deutsche Bank upgraded the shares of AKS in report on Friday, June 23 to “Buy” rating. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, January 25 report. Credit Suisse maintained the shares of AKS in report on Wednesday, March 23 with “Underperform” rating. Below is a list of AK Steel Holding Corporation (NYSE:AKS) latest ratings and price target changes.

07/12/2017 Broker: J.P. Morgan Rating: Buy New Target: $7.0 Upgrade
07/12/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $6 Upgrade
20/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
21/11/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Old Target: $9.5 Upgrade
06/11/2017 Broker: Cowen & Co Rating: Hold New Target: $4.0 Maintain
02/11/2017 Broker: Citigroup Rating: Neutral Old Target: $7 New Target: $5 Maintain
01/11/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $7 New Target: $5 Maintain
01/11/2017 Broker: Clarksons Platou Old Rating: Buy New Rating: Neutral Downgrade
01/11/2017 Broker: JP Morgan Rating: Neutral Old Target: $8 New Target: $6 Maintain
24/10/2017 Broker: Cowen & Co Rating: Hold New Target: $6.0 Maintain

The stock increased 1.69% or $0.09 during the last trading session, reaching $5.42. About 12.16M shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since December 11, 2016 and is uptrending. It has outperformed by 41.42% the S&P500.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $1.71 billion. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It has a 29.94 P/E ratio. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “AK Steel: $7.50 Is Still The Target” on July 25, 2017, also Seekingalpha.com with their article: “AK Steel Got Crushed – What’s Next?” published on July 31, 2017, Seekingalpha.com published: “AK Steel Could Be A Steal” on September 15, 2017. More interesting news about AK Steel Holding Corporation (NYSE:AKS) were released by: Seekingalpha.com and their article: “AK Steel: Price Target Revised To $6” published on November 02, 2017 as well as Seekingalpha.com‘s news article titled: “AK Steel Holding (AKS) CEO Roger Newport on Q3 2017 Results – Earnings Call …” with publication date: October 31, 2017.

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