November 29, 2016 - By Nellie Frank
Argus Research has downgraded United States Steel Corporation (NYSE:X) stock to “Hold” in a a report published on Tuesday morning. X’s old rating was “Buy”.
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 -48.65% below today’s ($31.8) stock price. United States Steel Corporation has been the topic of 44 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Northland Capital maintained the stock with “Neutral” rating in Wednesday, March 9 report. Argus Research downgraded the shares of X in a report on Thursday, January 28 to “Hold” rating. The company was upgraded on Thursday, April 28 by Rosenblatt. Deutsche Bank upgraded the shares of X in a report on Wednesday, July 6 to “Hold” rating. On Wednesday, September 16 the stock rating was maintained by Jefferies with “Hold”. The stock of United States Steel Corporation (NYSE:X) has “Sector Weight” rating given on Monday, September 19 by KeyBanc Capital Markets. The stock has “Hold” rating given by BB&T Capital on Thursday, September 10. The firm has “Neutral” rating given on Monday, November 2 by Rosenblatt. Barclays Capital maintained the shares of X in a report on Thursday, February 4 with “Equal-Weight” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 19 report.
About 21.16M 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 $11.69M for 113.57 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 notable recent United States Steel Corporation (NYSE:X) news were published by: Investorplace.com which released: “This United States Steel Corporation (X) Stock Trade Looks Like a Steal” on November 29, 2016, also Schaeffersresearch.com with their article: “Most Active Options: Tesla Motors Inc and United States Steel Corporation” published on November 28, 2016, Prnewswire.com published: “United States Steel Corporation Reports Best Quarterly Results Since 2014” on November 01, 2016. More interesting news about United States Steel Corporation (NYSE:X) were released by: Schaeffersresearch.com and their article: “Earnings Preview: United States Steel Corporation (X)” published on October 31, 2016 as well as Investorplace.com‘s news article titled: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” with publication date: November 14, 2016.
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By Nellie Frank