Timken Steel Corporation (NYSE:TMST) Stock Rating Lowered by BidaskClub
13 August, 2017, 22:35 | Author: Brenda Erickson
Next quarter's EPS is forecasted to be $0.08 with next year's EPS anticipated to be $0.67. Dimensional Fund Advisors LP now owns 6,162,355 shares of the basic materials company's stock worth $40,489,000 after buying an additional 772,725 shares during the period. World Asset Management Inc boosted its position in shares of AK Steel Holding Corporation by 1.4% in the first quarter. Finally, Oakbrook Investments LLC increased its stake in United States Steel Corporation by 11.3% in the first quarter. 3G L P invested 2.11% in AK Steel Holding Corporation (NYSE:AKS). The firm now has a $25.00 target price on the basic materials company's stock, up from their previous target price of $24.00. UBS Asset Management Americas Inc. now owns 516,797 shares of the basic materials company's stock worth $5,277,000 after buying an additional 337,220 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of AK Steel Holding Corporation by 2.0% in the second quarter. Creative Planning now owns 1,439,386 shares of the basic materials company's stock valued at $10,349,000 after buying an additional 534,914 shares in the last quarter.
A number of institutional investors have recently added to or reduced their stakes in the stock.
AK Steel Holding Corporation (AKS) traded down 4.13% during mid-day trading on Friday, hitting $5.11. The firm has a market capitalization of $1.61 billion, a PE ratio of 13.38 and a beta of 2.86. The 50 day moving average was down $-0.78 and the 200 day average went down by -22.26%. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83. The consensus mean EPS for the current quarter is at $0.04 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.55 billion.
AK Steel Holding Corporation (NYSE:AKS) is on recovery track with 37.73% gain from a 1-year low price of $3.87. United States Steel Corporation's revenue was up 21.7% on a year-over-year basis. In contrast to the year ago quarter EPS was at 0.17. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation's payout ratio is 125.00%.
United States Steel Corporation (NYSE X) opened at 23.16 on Friday. If you are accessing this story on another site, it was stolen and republished in violation of US & worldwide copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2017/08/13/timken-steel-corporation-nysetmst-stock-rating-lowered-by-bidaskclub-updated-updated.html.
Several other research analysts also recently issued reports on the stock. Cowen and Company fixed a $23.00 price objective on Timken Steel Corporation and issued the shares a "buy" recommendation in a analysis note on early Thur, Jul 27th. 1 expert has recommended the share with a sell recommendation, four have published a hold recommendation and 1 has given a buy recommendation to The corporation. the share presently has a consensus recommendation of "Hold" and a consensus price objective of $18.83. Finally, Citigroup Inc. raised AK Steel Holding Corporation from a "sell" rating to a "neutral" rating and decreased their price target for the company from $8.00 to $7.00 in a report on Wednesday, April 19th. Macquarie raised shares of United States Steel Corporation from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $23.00 to $30.00 in a research report on Monday, April 24th. Zacks Investment Research raised AK Steel Holding Corporation from a "sell" rating to a "hold" rating in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. 8 told the investors of the company to "Hold" stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The shares were purchased at an average price of $19.94 per share, for a total transaction of $49,850.00. Following the transaction, the director now directly owns 21,872 shares of the company's stock, valued at $436,127.68. The disclosure for this purchase can be found here.
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).
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