Kayce buys AKS 2.56: Cowen and Company reduced their price objective on shares of AK Steel Holding from $7.00 to $5.00 in a research report on Wednesday, August 12th.

Out of 19 analysts who cover the stock, five analysts suggest a Buy, while 11 analysts indicate a Hold rating. In the last eight quarters; the company has managed to surpass EPS estimates seven times, while it has also managed to beat analysts' expectations on revenues, six times in the last eight quarters. The company holds an exceptional record of surpassing analysts' expectations. The company informs that the increase in shipments, quarter-on-quarter (QoQ), is correlated with an increase in shipments related to automotive industry. For the upcoming quarter, AK Steel expects shipments of around 1.86 million tons, which would constitute an increase of 3% over the previous quarter.


Gale:
The steel company expects solid financial results due to elevated shipments, cost reduction efforts, higher operating rates and lower raw material cost which it expects to partially counterbalance the depressed prices of carbon steel.

Ivonne:
The company expected a Q3 loss of $0.07 per share to $0.02 per share, versus analysts' expectations for a loss of $0.23 per share.

Manda:
The ensuing decline has taken the issue to $2.80 and is trading at that level.

Josephine:
After a higher open, it rallied to $3.05 before reversing course.

Iluminada:
During pre-market trading, the issue spiked to $3.18 but has not come near that level during the regular session.

Andera:
Before the open, the company provided upbeat guidance for Q3. Instead of a loss of ($0.23) per share, the company forecasts a loss ($0.02) to ($0.07) range.

Jan:
The products can be bought to production, infrastructure and the automotive, and providers and converters markets.

Simonne:
Equities research analysts anticipate that AK Steel Holding will post ($0.99) EPS for the current fiscal year.

Leontine:
During the same quarter in the previous year, the business posted ($0.13) earnings per share.

Consuelo:
Cowen and Company lowered their target price on AK Steel Holding from $7.00 to $5.00 in a research note on Wednesday, August 12th.

Ak Steel Holding Corp. (NYSE:AKS)
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