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Ak Steel Holding Corporation (AKS) [hlAlert]

Rating:
Buy AKS
down 43.07 %

Ak Steel Holding Corporation (AKS) upgraded to Buy with price target $8 by Longbow

Posted on: Thursday,  Sep 6, 2012  9:25 AM ET by Longbow

Longbow rated Buy Ak Steel Holding Corporation (NYSE: AKS) on 09/06/2012, when the stock price was $5.13. Since
then, Ak Steel Holding Corporation has lost 43.08% as of 10/05/2015's recent price of $2.92.
If you would have followed this Longbow's recommendation on AKS, you would have lost 43.07% of your investment in 1124 days.

AK Steel Holding Corporation (AK Holding) is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). The Company?s operations consist of seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania that produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, and specialty stainless and electrical steels that are sold in slab, hot band, and sheet and strip form. The Company?s operations also include AK Tube LLC (AK Tube), which further finishes flat-rolled carbon and stainless steel at two tube plants located in Ohio and Indiana into welded steel tubing used in the automotive, large truck and construction markets. In addition, the Company?s operations include European trading companies that buy and sell steel and steel products and other materials.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/6/2012 9:25 AM Buy
None
5.13 8.00
as of 12/31/2012
1 Week up  4.07 %
1 Month up  14.71 %
3 Months down  -4.16 %
1 YTD down  -10.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/30/2011 9:25 AM Hold
None
6.58
4/19/2010 11:25 AM Hold
None
20.64
11/23/2009 9:25 AM Buy
None
19.57 24.00
11/14/2008 9:25 AM Hold
None
8.78
10/22/2008 10:25 AM Buy
None
13.03 35.00
9/12/2008 9:25 AM Buy
None
37.37 50.00
8/4/2008 9:25 AM Hold
None
59.11
7/28/2008 10:25 AM Buy
None
49.91 60.00

(*) Stock Price at the time of the recommendation.
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