About AK Steel Holding
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials. It sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and hot-rolled carbon steel products.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Steel & Iron
- Sub-Industry: Steel
- Exchange: NYSE
- Symbol: AKS
- CUSIP: 00154710
- Previous Close: $8.02
- 50 Day Moving Average: $8.90
- 200 Day Moving Average: $7.19
- 52-Week Range: $2.63 - $11.39
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.22
- P/E Growth: 0.32
- Market Cap: $2.52B
- Outstanding Shares: 314,160,000
- Beta: 2.6
- Net Margins: -0.13%
- Return on Equity: -47.34%
- Return on Assets: 3.27%
Companies Related to AK Steel Holding:
- Debt-to-Equity Ratio: 20.03%
- Current Ratio: 2.11%
- Quick Ratio: 0.82%
What is AK Steel Holding's stock symbol?
AK Steel Holding trades on the New York Stock Exchange (NYSE) under the ticker symbol "AKS."
Where is AK Steel Holding's stock going? Where will AK Steel Holding's stock price be in 2017?
13 equities research analysts have issued 12-month price targets for AK Steel Holding's shares. Their forecasts range from $3.50 to $11.50. On average, they expect AK Steel Holding's stock price to reach $7.58 in the next year.
When will AK Steel Holding announce their earnings?
AK Steel Holding is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.
What are analysts saying about AK Steel Holding stock?
Here are some recent quotes from research analysts about AK Steel Holding stock:
According to Zacks Investment Research, "AK Steel’s earnings estimates have been going up lately. The company has outperformed the Zacks categorized 'Steel-Producers' industry in the last three months. AK Steel should benefit from the strength in the automotive market and higher shipments of carbon steel products to automakers in 2016. It should also gain from the synergies of its acquisition of Severstal Dearborn. Favorable pricing trend for key raw materials is also expected to support its results this year. However, AK Steel remains exposed to macroeconomic uncertainties, particularly in Europe and Asia. The company also continues facing competition from cheap imports that flood the U.S. market. Moreover, AK Steel’s cost structure is higher than its peer group due to greater reliance on external supply of raw materials." (1/4/2017)
Citigroup Inc. analysts commented, "We believe that in addition to lower iron ore input costs and the acquisition of Dearborn Works, the changes that the company has made in its contract mix and operating footprint should help their competitive position and forecast AKS returning to positive FCF over the next several years," Hacking wrote in a note. In 2015, the company was able to achieve a breakeven cash flow result. In the first half of 2016, AK Steel generated FCF (ex-working capital) of $60 million. The next target will be to reach a position where they are earning their cost of capital."While we forecast a significant improvement in ROIC to ~8 percent over the next several years we believe this is still below their WACC which we estimate is closer to 10 percent," Hacking wrote in a note.Related Link: Steel Dynamics Has Over 33% Upside, According To CitiHacking highlighted it might be more difficult for AK Steel to compete with other producers, especially on spot sales of commodity grade products, as its rivals have cost advantages in the form of different production processes, lower labor costs and captive low cost raw materials.In addition, the company remains highly levered with $2.0 billion in outstanding debt and $1.2 billion in pension and OPEB obligations versus Citi estimate of 2016 EBITDA of $511 million for a net leverage ratio of 6x."This high debt load poses a risk to AKS if economic and industry conditions deteriorate and could limit the ability of AKS to obtain additional financing," (8/22/2016)
Who owns AK Steel Holding stock?
AK Steel Holding's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (3.37%), FMR LLC (1.54%), Renaissance Technologies LLC (1.19%), Dimensional Fund Advisors LP (0.94%), Tide Point Capital Management LP (0.77%) and Systematic Financial Management LP (0.64%). Company insiders that own AK Steel Holding stock include Roger K Newport and Vicente Wright.
Who sold AK Steel Holding stock? Who is selling AK Steel Holding stock?
AK Steel Holding's stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management AG, State Street Corp, Oxford Asset Management, Royce & Associates LP, Menta Capital LLC, GSA Capital Partners LLP, Martingale Asset Management L P and AQR Capital Management LLC.
Who bought AK Steel Holding stock? Who is buying AK Steel Holding stock?
AK Steel Holding's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Tide Point Capital Management LP, Renaissance Technologies LLC, Systematic Financial Management LP, Dimensional Fund Advisors LP, Nicholas Investment Partners LP, Van ECK Associates Corp and Ratan Capital Management LP.
How do I buy AK Steel Holding stock?
Shares of AK Steel Holding can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of AK Steel Holding stock cost?
One share of AK Steel Holding stock can currently be purchased for approximately $8.02.