TOday’s Movers: United States Steel (NYSE:X) Stock Rating Reconfirmed by Citigroup; $22 Target Price Indicates -12.32 % Potential

September 17, 2017 - By Richard Conner

 TOday’s Movers: United States Steel (NYSE:X) Stock Rating Reconfirmed by Citigroup; $22 Target Price Indicates  12.32 % Potential

United States Steel (NYSE:X) Rating Reaffirmed

In an analyst report shared with investors and clients on 15 September, The “Sell” rating of United States Steel (NYSE:X) shares was restate by Citigroup, who now has a $22 target price per share on the stock. Citigroup’s target price per share indicates a possible downside of -12.32 % from the current stock price of the company.

United States Steel Corporation (NYSE:X) Ratings Coverage

Among 22 analysts covering United States Steel Corporation (NYSE:X), 8 have Buy rating, 4 Sell and 10 Hold. Therefore 36% are positive. United States Steel Corporation has $50 highest and $4 lowest target. $20.94’s average target is -16.54% below currents $25.09 stock price. United States Steel Corporation had 79 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse maintained United States Steel Corporation (NYSE:X) on Tuesday, June 20 with “Outperform” rating. KeyBanc Capital Markets upgraded the stock to “Sector Weight” rating in Monday, September 19 report. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, May 30. The rating was downgraded by KeyBanc Capital Markets on Friday, August 19 to “Underweight”. The firm has “Buy” rating given on Tuesday, November 24 by Argus Research. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. Standpoint Research upgraded United States Steel Corporation (NYSE:X) on Wednesday, June 7 to “Buy” rating. The company was maintained on Thursday, August 31 by Cowen & Co. The firm has “Buy” rating given on Monday, June 5 by Jefferies. The company was downgraded on Thursday, January 12 by Credit Suisse.

The stock decreased 2.03% or $0.52 on September 15, reaching $25.09. About 12.63 million shares traded or 10.79% up from the average. United States Steel Corporation (NYSE:X) has risen 45.54% since September 17, 2016 and is uptrending. It has outperformed by 28.84% the S&P500.

Investors wait United States Steel Corporation (NYSE:X) to report on November, 7. its quarterly earnings Wall Street analysts expect $0.77 EPS, up $0.37 or 92.50 % from last year’s $0.4 same quarter earnings. This translates into $134.73 million profit for X giving the stock a 8.15 P/E. This is assuming the current $0.77 EPS is accurate. United States Steel Corporation’s Wall Street analysts see -28.04 % negative EPS growth, taking into account the $1.07 EPS reproted in the previous quarter,

United States Steel Corporation is an integrated steel producer. The company has market cap of $4.39 billion. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe. It has a 158.33 P/E ratio. The Firm operates through three divisions: Flat-Rolled Products , U.

More notable recent United States Steel Corporation (NYSE:X) news were published by: Seekingalpha.com which released: “Hurricane Harvey Recovery Idea: United States Steel Corp.” on August 30, 2017, also Barrons.com with their article: “United States Steel: ‘I Don’t Understand Why'” published on September 05, 2017, Fool.com published: “What Drove United States Steel Corporation Stock Up 17.1% in August” on September 09, 2017. More interesting news about United States Steel Corporation (NYSE:X) were released by: Fool.com and their article: “Why Long-Term Investors Should Prefer Nucor Corporation over United States …” published on August 28, 2017 as well as Benzinga.com‘s news article titled: “Predicting A Price Surge, Bank Of America Upgrades US Steel” with publication date: September 05, 2017.

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