November 29, 2016 - By Marguerite Chambers
Trading of U.S. Steel (NYSE:X)‘s shares is going to be interesting today. Argus downgraded the stock from a Buy to a Hold.
Out of 19 analysts covering United States Steel Corporation (NYSE:X), 5 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 26% are positive. $28 is the highest target while $4 is the lowest. The $16.33 average target is -47.63% below today’s ($31.18) stock price. United States Steel Corporation has been the topic of 44 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 23. UBS downgraded the shares of X in a report on Friday, April 8 to “Sell” rating. The firm earned “Sell” rating on Friday, August 21 by Axiom Capital. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, April 19. The stock of United States Steel Corporation (NYSE:X) earned “Buy” rating by Citigroup on Monday, August 22. The rating was downgraded by Cowen & Co on Tuesday, February 23 to “Market Perform”. JP Morgan maintained it with “Overweight” rating and $28 target price in Tuesday, April 5 report. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, November 4. The firm earned “Overweight” rating on Monday, November 14 by Morgan Stanley. The firm has “Outperform” rating by Credit Suisse given on Wednesday, June 8.
About 66,577 shares traded hands. United States Steel Corporation (NYSE:X) has risen 73.99% since April 26, 2016 and is uptrending. It has outperformed by 68.73% the S&P500.
Analysts await United States Steel Corporation (NYSE:X) to report earnings on January, 24. They expect $0.07 EPS, up 130.43% or $0.30 from last year’s $-0.23 per share. X’s profit will be $12.53 million for 111.36 P/E if the $0.07 EPS becomes a reality. After $0.40 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -82.50% negative EPS growth.
United States Steel Corporation is an integrated steel producer. It currently has negative earnings. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe.
According to Zacks Investment Research, “United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.”
United States Steel Corporation (U. S. Steel), incorporated on May 25, 2001, is an integrated steel producer. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe. The Firm operates through three divisions: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). U. S. Steel is also engaged in other business activities consisting primarily of railroad services and real estate operations. U. S. Steel owns, develops and manages various real estate assets, which include approximately 50,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota and Pennsylvania. In addition, the Company holds ownership interests in joint ventures that are developing real estate projects in Alabama, Maryland and Illinois.
More important recent United States Steel Corporation (NYSE:X) news were published by: Schaeffersresearch.com which released: “Most Active Options: Tesla Motors Inc and United States Steel Corporation” on November 28, 2016, also Prnewswire.com published article titled: “United States Steel Corporation Reports Best Quarterly Results Since 2014”, Schaeffersresearch.com published: “Earnings Preview: United States Steel Corporation (X)” on October 31, 2016. More interesting news about United States Steel Corporation (NYSE:X) was released by: Seekingalpha.com and their article: “Is U.S. Steel About To Do Another Secondary?” with publication date: November 25, 2016.
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