The shares of AK Steel Holding Corporation (NYSE:AKS) has been pegged with a rating of Neutral by Seaport Global Securities in its latest research note that was published on October 11th, 2018. The research company has also assigned a $5 price target. Seaport Global Securities wasn’t the only research firm that published a report of AK Steel Holding Corporation, with other equities research analysts also giving their opinion on the stock. Seaport Global Securities advised investors in its research note published on October 11th, 2018, to Neutral the AKS stock. The stock had earned Buy rating from Clarksons Platou when it published its report on September 11th, 2018. The stock was given Buy rating by BofA/Merrill in its report released on September 7th, 2018. Morgan Stanley was of a view that AKS is Overweight in its latest report on August 27th, 2018 while giving it a price target of $5.50. Deutsche Bank thinks that AKS is worth Hold rating. This was contained in the firm’s report on July 9th, 2018 in which the stock’s price target was also moved to $5.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $4.83. The price of the stock the last time has dropped by -1.01% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 30.16.
The shares of the company dipped by -4.53% during the trading session on Thursday, reaching a low of $2.9 while ending the day at $2.95. During the trading session, a total of 14.63 million shares were traded which represents a -33.5% decline from the average session volume which is 10.96M shares. AKS had ended its last session trading at 3.09. AK Steel Holding Corporation currently has a market cap of $945.92M, while its P/E ratio stands at 13.85, while its P/E earnings growth sits at 0.14, with a beta of 2.75. AK Steel Holding Corporation debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.80. AKS 52-week low price stands at $2.98 while its 52-week high price is $6.80.
The company in its last quarterly report recorded $0.21 earnings per share which is below the $0.23 predicted by most analysts. The AK Steel Holding Corporation generated $1,735.60 million in revenue during the last quarter, which is slightly lower than the $1,811.33 million predicted by analysts. In the second quarter last year, the firm recorded $0.18 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 14.29%. AK Steel Holding Corporation has the potential to record 0.21 EPS for the current fiscal year, according to equities analysts.
Investment analysts at ROTH Capital published a research note on November 1st, 2018 where it informed investors and clients that Tesla, Inc. (NASDAQ:TSLA) is now rated as Neutral. Seaport Global Securities also rated TSLA as Initiated on October 11th, 2018, with its price target of $41 suggesting that TSLA could down by -10.8% from its current share price. Even though the stock has been trading at $359.70/share, analysts expect it to surge higher by 0.93% to reach $327.67/share. It started the day trading at $367.38 and traded between $350.76 and $363.06 throughout the trading session.
A look at its technical shows that TSLA’s 50-day SMA is 315.05 while its 200-day SMA stands at 312.24. The company’s average trading volume currently stands at 9.75M shares, which means that the short-interest ratio is just 2.95 days. Over the past seven days, the company moved, with its shift of 4.37%. Looking further, the stock has raised 29.23% over the past 90 days while it gained 14.86% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc bought more TSLA shares, increasing its portfolio by +45.66% during the last quarter. This move now sees T Rowe Price Associates Inc purchasing 5,448,131 shares in the last quarter, thus it now holds 17,380,054 shares of TSLA, with a total valuation of $5,862,639,815. Baillie Gifford Co meanwhile sold more TSLA shares in the recently filed quarter, changing its stake to $4,427,477,131 worth of shares. Fidelity Management Research Co followed the path by decreasing its TSLA portfolio by -9.97% in the quarter. This means that Fidelity Management Research Co sold -984,494 shares in the last quarter and now controls 8,888,192 shares of the TSLA stock, with the valuation hitting $2,998,164,925.
Similarly, Capital Research Management Co increased its Tesla, Inc. shares by +11.93% during the recently filed quarter. After buying 726,703 shares in the last quarter, the firm now controls 6,817,290 shares of Tesla, Inc. which are valued at $2,299,608,263. In the same vein, Jennison Associates LLC increased its Tesla, Inc. shares by during the most recent reported quarter. The firm bought 485,095 shares during the quarter which increased its stakes to 4,817,282 shares and is now valued at $1,624,965,564. Following these latest developments, around 0.30% of Tesla, Inc. stocks are owned by institutional investors and hedge funds.