The shares of AK Steel Holding Corporation (NYSE:AKS) has been pegged with a rating of Neutral by Longbow in its latest research note that was published on January 30th, 2019. Longbow wasn’t the only research firm that published a report of AK Steel Holding Corporation, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on January 30th, 2019, to Underperform the AKS stock. The stock had earned Neutral rating from Macquarie when it published its report on January 29th, 2019. The stock was given Equal-Weight rating by Morgan Stanley in its report released on January 28th, 2019. Clarksons Platou was of a view that AKS is Neutral in its latest report on January 16th, 2019. Cowen thinks that AKS is worth Market Perform rating. This was contained in the firm’s report on January 9th, 2019 in which the stock’s price target was also moved to $2.50.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $2.92. The price of the stock the last time has raised by 36.10% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 39.03.
The shares of the company dipped by -5.42% during the trading session on Wednesday, reaching a low of $2.77 while ending the day at $2.79. During the trading session, a total of 13.55 million shares were traded which represents a -22.52% decline from the average session volume which is 11.06M shares. AKS had ended its last session trading at 2.95. AK Steel Holding Corporation currently has a market cap of $911.74M, while its P/E ratio stands at 4.84, while its P/E earnings growth sits at 0.13, with a beta of 2.85. AK Steel Holding Corporation debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.70. AKS 52-week low price stands at $2.05 while its 52-week high price is $5.87.
The company in its last quarterly report recorded $0.16 earnings per share which is above the $0.11 predicted by most analysts. The AK Steel Holding Corporation generated $1,677.10 million in revenue during the last quarter, which is slightly lower than the $1,701.49 million predicted by analysts. In the second quarter last year, the firm recorded $0.21 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -31.25%. AK Steel Holding Corporation has the potential to record 0.58 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wedbush published a research note on February 4th, 2019 where it informed investors and clients that KeyCorp (NYSE:KEY) is now rated as Neutral. BofA/Merrill also rated KEY as Downgrade on January 30th, 2019, with its price target of $115 suggesting that KEY could surge by 12.33% from its current share price. Even though the stock has been trading at $17.21/share, analysts expect it to surge higher by -1.69% to reach $19.30/share. It started the day trading at $17.26 and traded between $16.88 and $16.92 throughout the trading session.
A look at its technical shows that KEY’s 50-day SMA is 16.49 while its 200-day SMA stands at 18.80. The stock has a high of $22.40 for the year while the low is $13.65. The company’s P/E ratio currently sits at 9.94, while the P/B ratio is 1.22. The company’s average trading volume currently stands at 12.59M shares, which means that the short-interest ratio is just 0.97 days. Over the past seven days, the company moved, with its shift of -4.03%. Looking further, the stock has dropped -7.74% over the past 90 days while it lost -19.70% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more KEY shares, increasing its portfolio by +0.84% during the last quarter. This move now sees The Vanguard Group Inc purchasing 951,980 shares in the last quarter, thus it now holds 114,385,762 shares of KEY, with a total valuation of $1,883,933,500. BlackRock Fund Advisors meanwhile bought more KEY shares in the recently filed quarter, changing its stake to $829,476,123 worth of shares. SSgA Funds Management Inc followed the path by decreasing its KEY portfolio by -6.65% in the quarter. This means that SSgA Funds Management Inc sold -3,568,302 shares in the last quarter and now controls 50,081,236 shares of the KEY stock, with the valuation hitting $824,837,957.
Similarly, JPMorgan Investment Management I increased its KeyCorp shares by +57.32% during the recently filed quarter. After buying 13,476,695 shares in the last quarter, the firm now controls 36,989,263 shares of KeyCorp which are valued at $609,213,162. In the same vein, Capital Research Management Co increased its KeyCorp shares by during the most recent reported quarter. The firm bought 10,779,000 shares during the quarter which increased its stakes to 18,699,000 shares and is now valued at $307,972,530. Following these latest developments, around 0.40% of KeyCorp stocks are owned by institutional investors and hedge funds.