United States Steel Corporation (NYSE:X) Rating
Credit Suisse currently has a $22.00 price target on the $2.23B market cap company or 48.25% upside potential. In analysts report published on 23 March, United States Steel Corporation (NYSE:X) stock had its “Outperform” Rating reiterated by equity analysts at Credit Suisse.
Out of 16 analysts covering United States Steel Corporation (NYSE:X), 2 rate it “Buy”, 5 “Sell”, while 12 “Hold”. This means 11% are positive. $22 is the highest target while $1 is the lowest. The $9.28 average target is -6.61% below today’s ($14.83) stock price. United States Steel Corporation was the topic in 25 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the stock on March 23 with “Outperform” rating. Rosenblatt maintained it with “Neutral” rating and $9 target price in a February 22 report. Northland Capital maintained the shares of X in a report on March 9 with “Neutral” rating. Barclays Capital maintained the firm’s rating on February 4. Barclays Capital has “Equal-Weight” rating and $7 price target. Finally, Cowen & Co downgraded the stock to “Market Perform” rating in a February 23 report.
The stock decreased 4.87% or $0.76 during the last trading session, hitting $14.83. United States Steel Corporation (NYSE:X) has declined 19.61% since August 18, 2015 and is downtrending. It has underperformed by 16.74% the S&P500.
Analysts await United States Steel Corporation (NYSE:X) to reports earnings on April, 26. They expect $-1.24 EPS, down 1,671.43% or $1.17 from last year’s $-0.07 per share. After $-0.23 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts 439.13% negative EPS growth.
United States Steel Corporation is a 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.”
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