AK Steel Holding (AKS) Got Some Good News

CFRA analyst Matthew Miller upgraded AK Steel Holding (AKS) to Buy today and set a price target of $4.00. The company’s shares closed last Monday at $2.84.

According to TipRanks.com, Miller is ranked #3114 out of 5992 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for AK Steel Holding with a $3.40 average price target.

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Based on AK Steel Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.8 million. In comparison, last year the company had a net profit of $33.4 million.

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AK Steel Holding Corp. engages in the production of flat-rolled carbon; stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, distributors and converters markets. The firm operates steelmaking and finishing, coke, and tube manufacturing plants.

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