New York: United States Steel Corporation (NYSE:X)’s Stock Had Its Neutral Rating Restated at Rosenblatt in Report Issued Today. Has $9.00 Target

United States Steel Corporation (NYSE:X) Rating

In a note published on 22 February, United States Steel Corporation (NYSE:X) stock Neutral was reiterated by Rosenblatt. They currently have a $9.00 target on the stock. Rosenblatt’s target indicates a potential upside of 4.77% from the company’s previous stock close.

Out of 16 analysts covering United States Steel Corporation (NYSE:X), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $30 is the highest target while $1 is the lowest. The $8.97 average target is 54.95% above today’s ($8.68) stock price. United States Steel Corporation was the topic in 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on February 4 with “Equal-Weight” rating. Argus Research maintained it with “Buy” rating and $19 target price in a November 24 report. Morgan Stanley downgraded the shares of X in a report on November 9 to “Equal-Weight” rating. Deutsche Bank maintained the firm’s rating on October 5. Deutsche Bank has “Buy” rating and $25 price target. Finally, Rosenblatt initiated the stock with “Neutral” rating in a November 2 report.

About 2.56 million shares traded hands. United States Steel Corporation (NYSE:X) has declined 55.02% since July 16, 2015 and is downtrending. It has underperformed by 45.30% 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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