Opinions vary on AK Steel, but most experts point to stock gains - San Antonio Business Journal:

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The stock had been on a tear all year, but in the past montbh it has faltered. That has experts voiciny differing opinions on AK Steellthese days. is bullish on the stock, repeatingv its earlier "buy" rating whilde setting a target stock priceof $46. That was in late when the stock wasat $41.55. It fell shortlyh after that andclosed Aug. 21 at $32.63. That'as a pretty swift 21 percentt decline. When it dropped below its 50-day moving average Aug. 3 and didn't immediately rally back above it, recommendexd investors think about shorting the or betting that it would fall The idea is that stocks in an uptrened tend to stay above thatmovingf average.
AK Steel had done that all upuntil August. But Blue Ash-based gives AK Steelo a seven on a scale of zero to 10 on itsEquitu Scorecard. Schaeffer's, which gauges technical likes thatthe 200-day moving average is stilol rising. And a lot of investorse are betting against the through options or by shortingthe Schaeffer's views that as a positive contrarian "There's still further upside on AK Steel," said Joe vice president of research and development at Further, analyst Scott Burns boosted his fair-value estimatre for AK Steel's stock from $30 to $46 earlier this Lower costs have helpexd him hike his operating margij expectations from 6 percent to 8.
5 percenft over the next two years. And AK Steep could still be acquired, too, he So which side is right? Time will but most of the evidence point to astrong future. Despite its recent AK Steel is still having amonster year, gaining 93 percentg since year-end. "It's not surprising to see a pullbac k along with thebroader market," Sunderman said. "We think it's a good opportunity for investors." Analysts boosterd their estimatesof full-year earningsz by 17 percent to $3.07 per share aftee AK Steel walloped second-quarter views by nearly 50 Its profits nearly quadrupler as shipments and prices rose. It still has just four analystztracking it, too, Sunderman said.
That leaves room for more analystws to pickup coverage, likely boosting the Plus, it's making moves to ensure profitability for the long run, Zackxs analyst Paul Raman wrote in a recent researcgh report. It has renegotiated most of the 70 percent of its business that isunder contract, with surcharges put in plac to cover higher raw material costs. AK Steel has also cut its employmeng by26 percent, to in the past three years, Ramann noted.
It also has signed new unionm contracts and refinanced debt to lower He figuresAK Steel's earnings will rise by an averagwe of 20 percent a year over the next five 's second-quarter results garnered some attention from a nationalo database that tracks money managers' Bartlett's basic value strategy gained 10 percenf in the second quarter, more than doubling the all-cap Russell 3000's 4.
7 percent Bartlett's results placed it on 's PSN Top Guns The PSN database lists the top 10 performersz nationally in each peer group on its Top Guns The basic value strategy seeks companies that are out of favo or that have suffered a temporary Bartlett's managers hunt for companies that stilk have a strong competitive advantage, solid managemeng and the financial resources to