Markets

Trending Stock in Review: AK Steel Holding Corp (NYSE:AKS)

Trending Stock in Review: AK Steel Holding Corp (NYSE:AKS)

The stock was purchased at an average price of $26.89 per share, with a total value of $107,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

United States Steel Corporation (NYSE X) traded up 1.03% on Wednesday, hitting $27.51. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company's stock worth $144,000 after purchasing an additional 193 shares during the period. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83. The company has a 50 day moving average price of $24.50 and a 200-day moving average price of $26.46.

The company now has a P/E ratio of 15.29 and market cap is 1.84B. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.55 billion. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since September 7, 2016 and is uptrending. The business's quarterly revenue was up 4.4% on a year-over-year basis. Next quarter's EPS is forecasted at $0.11 with next year's EPS projected to be $0.74. Share performance for the month is now at 5.99%. Its book value per share for the most recent quarter is $-0.53 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.42, however its price to cash per share ratio for the same period is 13.9. Shareholders of record on Wednesday, August 9th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation's payout ratio is now 125.00%.

For the Current Quarter, the growth estimate for United States Steel Corp.is 87.5%, while for the Next Quarter the stock growth estimate is 166.7%. If you are reading this article on another website, it was illegally copied and republished in violation of global copyright and trademark laws. The legal version of this story can be read at https://stocknewstimes.com/2017/09/07/united-states-steel-corporation-x-position-increased-by-marshall-wace-north-america-l-p.html.

A number of equities research analysts recently commented on the company. Cowen & Co downgraded United States Steel Corporation (NYSE:X) on Tuesday, February 23 to "Market Perform" rating. $6.73's average target is 12.73% above currents $5.97 stock price. AK Steel Holding Corporation had 60 analyst reports since July 29, 2015 according to SRatingsIntel. Finally, BidaskClub upgraded United States Steel Corporation from a "hold" rating to a "buy" rating in a research report on Saturday, August 26th. On Monday, June 5 the stock rating was maintained by Jefferies with "Buy".

Lilly to streamline business, axe 3500 jobs; shares up 1%
Its down 0.08, from 0.98 in 2016Q3. 809.72 million shares or 0.51% more from 805.63 million shares in 2016Q3 were reported. The jobs will be spread across various areas including manufacturing and research. 8,004 were reported by Eqis Mngmt.

On May 19 analysts at Longbow Research initiated coverage setting a rating of "Neutral". Institutional investors and hedge funds own 63.37% of the company's stock. Moreover, Paloma Prtn Management has 0.01% invested in AK Steel Holding Corporation (NYSE:AKS) for 98,754 shares. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company's stock valued at $112,000 after buying an additional 3,155 shares during the period.

The company is so far trading up from yesterday's close of 5.77. The company was maintained on Tuesday, April 19 by Barclays Capital. Putnam Ltd has invested 0% in AK Steel Holding Corporation (NYSE:AKS).

Talking about profitability of the company, the profit margin percentage is 1.88% while its operating margin for the trailing twelve month is at 8.04%.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm operates through three divisions: Flat-Rolled Products, U.