The company is trading 54% below its 52-week high and has 16% upside based on the consensus mean target price of $5.42 for the company. AK Steel was trading Thursday for $4.67, down over 2% for the day.
AK Steel has some fundamental positives. AKS is expecting EPS to rise by 123% next year and by 27% over the next five years. The company trades for approximately 10% of sales. Recent debt and equity issues are now priced in. Near-term liquidity risk for the company has been removed.