The stock of United States Steel Corporation (NYSE:X) is a huge mover today! About 10.32 million shares traded hands. United States Steel Corporation (NYSE:X) has risen 11.13% since March 16, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.
The move comes after 5 months positive chart setup for the $3.05B company. It was reported on Oct, 19 by Barchart.com. We have $30.61 PT which if reached, will make NYSE:X worth $2.07B more.
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 $157.35M for 4.85 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. The firm earned “Equalweight” rating on Wednesday, July 13 by Barclays Capital. As per Friday, April 8, the company rating was downgraded by UBS. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, April 28 report. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, June 8. On Thursday, April 28 the stock rating was downgraded by Macquarie Research to “Underperform”. The stock of United States Steel Corporation (NYSE:X) has “Neutral” rating given on Monday, February 22 by Rosenblatt. Jefferies downgraded the shares of X in a report on Monday, March 21 to “Underperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Monday, October 5 report. As per Monday, September 19, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Overweight” rating given on Tuesday, April 5 by JP Morgan.
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.”
More important recent United States Steel Corporation (NYSE:X) news were published by: Investorplace.com which released: “3 Big Stock Charts: United States Steel Corporation (X), Chipotle Mexican …” on October 17, 2016, also Prnewswire.com published article titled: “U. S. Steel Conference Call Available on Company Website”, Investorplace.com published: “United States Steel Corporation (NYSE:X) Sets Up Bull Trade” on September 22, 2016. More interesting news about United States Steel Corporation (NYSE:X) was released by: Barrons.com and their article: “U.S. Steel Shares Could Rise 50% in a Year” with publication date: October 15, 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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