BMO Capital Maintains a Hold Rating on AK Steel Holding

By Austin Angelo

BMO Capital analyst David Gagliano maintained a Hold rating on AK Steel Holding (NYSE: AKS) today and set a price target of $5. The company’s shares closed yesterday at $4.59.

According to TipRanks.com, Gagliano is a 3-star analyst with an average return of 2.0% and a 47.9% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Cloud Peak Energy Inc, Ramaco Resources Inc, and Warrior Met Coal Llc.

Currently, the analyst consensus on AK Steel Holding is Hold and the average price target is $5.13, representing an 11.8% upside.

In a report issued on April 17, Cowen & Co. also reiterated a Hold rating on the stock with a $5 price target.

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The company has a one-year high of $7.04 and a one-year low of $4. Currently, AK Steel Holding has an average volume of 18.4M.

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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.