Stock of the Day: What’s Next for United States Steel Corporation After Today’s Huge Increase?

Stock of the Day: What's Next for United States Steel Corporation After Today's Huge Increase?

The stock of United States Steel Corporation (NYSE:X) is a huge mover today! About 18.73M shares traded hands. United States Steel Corporation (NYSE:X) has risen 45.13% since April 20, 2016 and is uptrending. It has outperformed by 40.58% the S&P500.
The move comes after 7 months positive chart setup for the $5.50B company. It was reported on Nov, 22 by Barchart.com. We have $33.89 PT which if reached, will make NYSE:X worth $385.00 million more.

United States Steel Corporation (NYSE:X) Ratings Coverage

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. United States Steel Corporation has been the topic of 44 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by UBS on Friday, April 8 to “Sell”. As per Tuesday, April 19, the company rating was maintained by Barclays Capital. The stock of United States Steel Corporation (NYSE:X) earned “Hold” rating by BB&T Capital on Thursday, September 10. The company was upgraded on Thursday, November 3 by Clarksons Platou. On Monday, November 9 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The company was maintained on Monday, October 5 by Barclays Capital. The firm has “Hold” rating given on Thursday, January 28 by Argus Research. The stock has “Hold” rating given by Deutsche Bank on Wednesday, November 4. The stock of United States Steel Corporation (NYSE:X) earned “Underweight” rating by KeyBanc Capital Markets on Friday, August 19. The firm has “Overweight” rating given on Monday, November 14 by Morgan Stanley.

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: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” on November 14, 2016, also Prnewswire.com published article titled: “United States Steel Corporation Reports Best Quarterly Results Since 2014”, Prnewswire.com published: “Harold G. Hamm Named Chief Roughneck by U. S. Steel Tubular Products” on November 11, 2016. More interesting news about United States Steel Corporation (NYSE:X) was released by: Schaeffersresearch.com and their article: “Earnings Preview: United States Steel Corporation (X)” with publication date: October 31, 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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