BMO Capital Markets restated their market perform rating on shares of United States Steel Co. It improved, as 46 investors sold AK Steel Holding Corporation shares while 58 reduced holdings. Recently, investment analysts covering the stock have updated the mean rating to 2.5. The company now has an average rating of "Hold" and a consensus price target of $28.52. The firm has "Buy" rating given on Thursday, February 2 by Bank of America. Bank of America Corporation raised shares of United States Steel from a neutral rating to a buy rating and increased their target price for the company from $29.00 to $31.00 in a research report on Tuesday, September 5th. The stock has "Neutral" rating by Northland Capital on Wednesday, March 9. Citigroup downgraded AK Steel Holding Corporation (NYSE:AKS) on Thursday, January 19 to "Sell" rating. The company presently has a consensus rating of Hold and a consensus target price of $28.52.
Shares of United States Steel (NYSE X) traded down 2.03% on Friday, reaching $25.09. Volume has increased in Thursday's trading session by 6.56 million shares, but on a weak note. The stock's market capitalization is $2.61 billion. $20.94's average target is -17.62% below currents $25.42 stock price.
United States Steel Corporation most recently reported earnings per share (EPS) of $1.07 for the June 2017 versus -$0.31 in the same quarter previous year, representing -445% growth. After $0.73 actual earnings per share reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts -39.73% negative EPS growth. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.98 billion. They expect $0.66 EPS, down 9.59% or $0.07 from last year's $0.73 per share. The company reported revenue of $1.53 Billion in the same period past year.
Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold.
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Prudential Financial had 33 analyst reports since August 6, 2015 according to SRatingsIntel. 53,931 are held by Wells Fargo & Mn. The shares were purchased at an average price of GBX 290 ($3.75) per share, for a total transaction of £150.80 ($194.76).
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. As of the end of the quarter Pacer Advisors, Inc. had disposed of a total of 54 shares trimming its holdings by 0.4%. The ex-dividend date was Monday, August 7th.
In other news, Director Murry Gerber acquired 4,000 shares of United States Steel Corporation stock in a transaction on Friday, September 1st. Following the acquisition, the chief financial officer now directly owns 30,415 shares in the company, valued at $840,062.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Given that liquidity is king in short-term, AKS is a stock with 320.72 million shares outstanding that normally trades 22.18% of its float. The shares were bought at an average cost of $26.89 per share, for a total transaction of $107,560.00.
The market experts are predicting a 54.84% rally, based on the high target price ($12) for Sprint Corporation shares that is likely to be hit in the 52 weeks. The disclosure for this purchase can be found here. The firm owned 23,777 shares of the basic materials company's stock after buying an additional 5,737 shares during the period. Shares are now up +41.38% over the past year, outperforming the broad market by 138.91% and underperformed a peer group of similar companies by -77%. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company's stock valued at $112,000 after purchasing an additional 3,155 shares in the last quarter. Global X Management Co.
As of quarter end Cubist Systematic Strategies, LLC had bought 143,201 shares growing its stake by 774.1%. LLC now owns 5,473 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 3,768 shares in the last quarter. Next Financial Group, Inc augmented its stake by buying 1,500 shares an increase of 168.5%. Finally, Sigma Planning Corp boosted its stake in shares of United States Steel by 21.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. grew its position in United States Steel Corporation by 1,971.9% in the 1st quarter. AK Steel Holding Corporation has a 12 month low of $4.22 and a 12 month high of $11.39.
AK Steel Holding Corporation, launched on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). In addition, it operates trading companies in Mexico and Europe that buy and sell steel, and steel products and other materials.