Today’s Market Runner: Today United States Steel Corporation Stock Crashes

Today's Market Runner: Today United States Steel Corporation Stock Crashes

The stock of United States Steel Corporation (NYSE:X) is a huge mover today! About 6.27 million shares traded hands. United States Steel Corporation (NYSE:X) has risen 38.14% since March 4, 2016 and is uptrending. It has outperformed by 30.10% the S&P500.
The move comes after 7 months negative chart setup for the $2.91 billion company. It was reported on Oct, 7 by We have $16.23 PT which if reached, will make NYSE:X worth $174.60M less.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on November, 1. They expect $0.94 earnings per share, up 234.29% or $1.64 from last year’s $-0.7 per share. X’s profit will be $158.39 million for 4.59 P/E if the $0.94 EPS becomes a reality. After $-0.31 actual earnings per share reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -403.23% EPS growth.

United States Steel Corporation (NYSE:X) Ratings Coverage

Out of 18 analysts covering United States Steel Corporation (NYSE:X), 4 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 22% are positive. United States Steel Corporation has been the topic of 39 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal-Weight” rating and $15 target price in Tuesday, April 19 report. The firm has “Buy” rating by Rosenblatt given on Thursday, April 28. The stock of United States Steel Corporation (NYSE:X) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 9. On Wednesday, July 13 the stock rating was maintained by Barclays Capital with “Equalweight”. The stock of United States Steel Corporation (NYSE:X) has “Underperform” rating given on Thursday, April 28 by Macquarie Research. Rosenblatt maintained United States Steel Corporation (NYSE:X) rating on Monday, February 22. Rosenblatt has “Neutral” rating and $9 price target. Deutsche Bank maintained the shares of X in a report on Monday, October 5 with “Buy” rating. The firm earned “Hold” rating on Thursday, January 28 by Argus Research. The stock of United States Steel Corporation (NYSE:X) earned “Outperform” rating by Credit Suisse on Wednesday, June 8. The stock has “Overweight” rating given by JP Morgan on Thursday, July 30.

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.”

Another recent and important United States Steel Corporation (NYSE:X) news was published by which published an article titled: “U. S. Steel Conference Call Available on Company Website” on October 06, 2016.

X Company Profile

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.

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