4.60 -0.12 (-2.44%)
Pre-Market: 8:48AM EDT
|Bid||4.60 x 1000|
|Ask||4.62 x 3000|
|Day's Range||4.59 - 4.73|
|52 Week Range||4.00 - 7.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.57|
After touching $32 in February, shares of United States Steel Corporation (NYSE:X) were over $45 just a few weeks later. For 2019, analysts are looking for earnings to grow about 6% to $5.37-per-share.
NEW YORK, June 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Matrix ...
In the last part, we discussed some of AK Steel’s (AKS) bearish drivers. Pricing pressure in AK Steel’s core automotive market amid higher competition from companies like Nucor (NUE), lower ASP (average selling price) growth due to lower spot exposure, and a possible equity offering seem to be weighing on AK Steel stock. In this part, we’ll discuss some of AK Steel’s bullish drivers.
As we discussed previously, AK Steel (AKS) has been the worst-performing steel stock among the steel companies that we’re covering in this series. In this part, we’ll look at the different factors that are weighing on AK Steel stock.
AK Steel (AKS) has lost 17.0% year-to-date. AK Steel is the worst-performing steel stock among the steel companies that we’re covering in this series. In this part, we’ll look at AK Steel’s ratings and the consensus target price to gauge how analysts view the stock.
With a YTD (year-to-date) gain of 18.2% as of June 8, Steel Dynamics (STLD) has outperformed the broader steel space. Among other steel companies (MT), U.S. Steel Corporation (X) has gained 5.9%, while AK Steel (AKS) has seen negative price action of 17.0% in 2018. In this part, we’ll see how analysts rate Steel Dynamics after its relative outperformance.
While an increasingly protectionist trade policy from the White House has rattled steel stocks, one team of analysts on the Street is out with a note suggesting that the international trade threat may not be so bad from some industry giants. On Friday, President Trump announced new levies of 25% and 10% on European steel and aluminum imports, respectively.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Illinois Tool Works ITW : "The issue here is [CEO] Scott Santi, who is absolutely terrific, has a big auto business.
Changing industry dynamics, excessive debt levels or poor management decisions can take even the largest of companies to a breaking point. Because they’ve faced hardships that weighed on their share prices, we define fixer uppers as stocks of $5 per share or less. By making wise investments in troubled companies, however, even small investors can sometimes finish rich with fixer-upper stocks.
Previously, we looked at steel companies’ price-to-book multiples. In this article, we’ll look at their PS (price-to-sales) ratios to understand how markets are valuing them. PS ratios tell us how much investors are willing to pay for each dollar of a company’s revenue.
Markets fell last week upon the expansion of the so-called “Trump tariffs.” The uncertainty created by the new round of duties — 25% on imported steel and 10% on imported aluminum — exacerbated long-running fears of a trade war. It’s important to remember that the tariffs themselves aren’t that broad — at least not yet. The U.S. has imposed its tariffs, and the impacted nations have responded.
The US iron ore segment contributes to most of Cleveland-Cliffs’ (CLF) revenues and earnings. Cleveland-Cliffs’ customers, including AK Steel and ArcelorMittal, are impacted directly by steel imports into the United States. According to data released by the American Iron and Steel Institute, the US imported 3.74 million tons of steel products in April—a rise of 12% sequentially.
AK Steel's (AKS) latest product TRAN-COR X provides higher levels of efficiency along with greenhouse gas emissions for use in high and ultra-high voltage power transformers.
Investors might recall that imposing import tariffs on steel and aluminum products entering the US has been marred by policy flip-flops. US steelmaker stocks, including Steel Dynamics (STLD) and Cleveland-Cliffs (CLF), have been also seen quite a lot of volatility. The volatility was due to the Department of Commerce’s recommendations, imposing steel tariffs, and some countries being exempt from the tariffs, which toned down the overall impact.
WASHINGTON/WHISTLER, British Columbia (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminium. Trump also told French President Emmanuel Macron of the need to "rebalance trade with Europe," the White House said. The strong words followed swift responses to the tariffs by Canada, Mexico and the EU, which all plan to retaliate with levies on billions of dollars of U.S. goods, including orange juice, whiskey, blue jeans and Harley-Davidson motorcycles.
The U.S. trade tariff actions have prompted fiery responses from major foreign trade partners, stoking renewed concerns over a global trade war.
WASHINGTON/PARIS, May 31 (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade negotiations.
The Canadian tariffs are set to go into effect on July 1 and stay in place until the United States lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union. "The American administration has made a decision today that we deplore, and obviously is going to lead to retaliatory measures, as it must," Prime Minister Justin Trudeau said at a news conference in Ottawa with Freeland.
Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are set to go into effect on July 1 and stay in place until the United States lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union.
The US-China trade war has been making headlines for the last couple of months. There have been two rounds of trade talks between the two countries, with the trade war officially put on hold after the second round. Meanwhile, away from the US-China trade war, new battlefronts seem to be opening up.
By Jason Lange and Ingrid Melander WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminium imports and the European ...
Shares of AK Steel Holding Corp. ( AKS) enjoyed a huge boost following the election of President Donald Trump in 2016, but they have has swung wildly since then, and the overall trend has been negative, very negative. The near future isn’t looking much better either, as Goldman Sachs’ Matthew Korn cut his price target for the steelmaker and downgraded its shares from neutral to sell, saying the steelmaker has limited profitability potential even as the Trump administration presses for “aggressive tariffs on foreign steel,” according to CNBC.
US stocks edge higher as the G7 summit gets underway in Canada. Yahoo Finance's Seana Smith discusses the market's reaction with Alan Valdes of SilverBear Capital.
Trump is slapping 25% tariffs on aluminum imports and 10 percent tariffs on steel imports from our first, third and fourth largest trading partners- The EU, Canada and Mexico. The tariffs will go into affect at midnight. Mexico is now retaliating against US food goods and steel, and Canada is now taxing US Steel and aluminum in response.