Timken Steel Corporation (NYSE:TMST) Reviewed By Analysts

"Equity analyst Jefferies both downgraded the stock and lowered the price target on January 13 changing the price objective from $0.00 to $4.50 and setting the rating at "Hold" which had previously been ". Five research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have given a buy recommendation to the company.

X has been the topic of a number of research reports. ValuEngine raised Timken Steel Corporation from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. TheStreet raised AK Steel Holding Corporation from a "d+" rating to a "c" rating in a research report on Tuesday, April 25th. Finally, J P Morgan Chase & Co reissued an "overweight" rating and issued a $46.00 target price (up from $39.00) on shares of United States Steel Corporation in a research report on Wednesday, March 22nd. They noted that the move was a valuation call.

Press coverage about United States Steel Corporation (NYSE:X) has been trending somewhat positive on Saturday, Accern Sentiment reports. If you are reading this news story on another site, it was illegally copied and reposted in violation of U.S. and worldwide trademark & copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/13/brokers-issue-forecasts-for-ak-steel-holding-corporations-fy2017-earnings-aks.html. Stock dripped -10.83% over the trailing 6 months. Ronald A. Rice, Director purchased $55,650 worth of shares at an average price of $11.13 on Tue the 10th. About 16.19M shares traded. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

05/04/2015 - Timken Steel Corporation was upgraded to " by analysts at Zacks. The fund purchased 81,120 shares of the basic materials company's stock, valued at approximately $2,747,000. Vanguard Group has an ownership of 37,074,630 stocks of the basic materials firms shares valued at $266,566,000 after scooping up an extra 2,308,220 stocks in the previous period. The disclosure for this purchase can be found here. Shares saw a steep decrease in trading volume of 62.25% under the normal average daily volume.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in shares of United States Steel Corporation by 80.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,907 shares of the basic materials company's stock worth $234,000 after buying an additional 3,957 shares during the last quarter. BlackRock added additional shares of AK Steel Holding Corporation by 52,055.2% in the Q1. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company's stock worth $213,000 after buying an additional 1,112 shares during the period. Boothbay Fund Management LLC bought a new position in AK Steel Holding Corporation during the fourth quarter valued at about $123,000.

RSI ( Relative Strength Index) highlights overbought (over 70) and oversold (under 30) areas. Insiders own 1.00% of the company's stock.

AK Steel Holding Corporation (AKS) maintained activity of 17.9 million shares that trade hands on average basis while its relative volume is 1.85. Over the past 2 quarters, United States Steel Corporation (NYSE:X) is down -32.64%, compared with a fall of almost -24.15% for 3 months and about 8.36% for the past 30 days.

It is trading at $15.93 which is a tad above $13.68, the stock's 50 day moving average and slightly below the 200 day moving average of $16.32. The company has market cap of $2.10 billion.

AK Steel Holding Corporation (NYSE:AKS) is -9.85% below its 200-day moving average, providing a measure of resistance for long positions. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $309.40 million for the quarter, compared to analysts' expectations of $308.78 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. KeyCorp also issued estimates for AK Steel Holding Corporation's FY2017 earnings at $0.39 EPS and FY2018 earnings at $0.53 EPS.

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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