AK Steel Holding Gets a Hold Rating from Morgan Stanley

By Jason Carr

In a report released today, Piyush Sood from Morgan Stanley maintained a Hold rating on AK Steel Holding (NYSE: AKS), with a price target of $6. The company’s shares closed yesterday at $4.53, close to its 52-week low of $4.

According to TipRanks.com, Sood is a 1-star analyst with an average return of -10.0% and a 50.0% success rate. Sood covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Constellium, and Nucor Corp.

Currently, the analyst consensus on AK Steel Holding is Hold and the average price target is $5.93, representing a 30.9% upside.

In a report released today, Cowen & Co. also reiterated a Hold rating on the stock with a $5 price target.

The company has a one-year high of $7.54 and a one-year low of $4. Currently, AK Steel Holding has an average volume of 19.83M.

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AK Steel Holding Corp. engages in the production of flat-rolled carbon; stainless and electrical steels; and tubular products through its wholly-owned subsidiary, AK Steel Corp. The firm operates steelmaking and finishing plants; coke plants; and tube manufacturing plants. It also produces metallurgical coal.