AK Steel Holding Receives a Hold from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Piyush Sood maintained a Hold rating on AK Steel Holding (NYSE: AKS) today and set a price target of $6.50. The company’s shares closed yesterday at $5.49.

According to TipRanks.com, Sood is a 1-star analyst with an average return of -10.2% and a 57.1% success rate. Sood covers the Basic Materials sector, focusing on stocks such as Noranda Aluminum Holding Corporation, Kaiser Aluminum Corp, and Century Aluminum.

Currently, the analyst consensus on AK Steel Holding is Moderate Buy and the average price target is $6.20, representing a 12.9% upside.

In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $6 price target.

The company has a one-year high of $9.19 and a one-year low of $4. Currently, AK Steel Holding has an average volume of 18.65M.

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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.