The stock of United States Steel Corporation (NYSE:X) is a huge mover today! The stock increased 7.74% or $1.38 during the last trading session, hitting $19.2. About 25.56M shares traded hands or 37.79% up from the average. United States Steel Corporation (NYSE:X) has risen 7.67% since April 1, 2016 and is uptrending. It has outperformed by 6.46% the S&P500.
The move comes after 6 months positive chart setup for the $3.08B company. It was reported on Nov, 3 by Barchart.com. We have $23.81 PT which if reached, will make NYSE:X worth $739.20 million more.
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 rating was maintained by Barclays Capital on Monday, October 5 with “Equal-Weight”. Nomura maintained it with “Neutral” rating and $11 target price in Wednesday, March 9 report. The firm earned “Overweight” rating on Tuesday, April 5 by JP Morgan. The firm earned “Neutral” rating on Monday, November 2 by Rosenblatt. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, November 4 report. The firm has “Equal-Weight” rating given on Tuesday, April 19 by Barclays Capital. The firm earned “Outperform” rating on Wednesday, June 8 by Credit Suisse. Credit Suisse maintained United States Steel Corporation (NYSE:X) on Wednesday, March 23 with “Outperform” rating. The company was upgraded on Thursday, April 28 by Rosenblatt. The firm earned “Underperform” rating on Monday, March 21 by Jefferies.
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 notable recent United States Steel Corporation (NYSE:X) news were published by: Investorplace.com which released: “United States Steel Corporation (X) Q3 Earnings: 9 Highlights” on November 02, 2016, also 247Wallst.com with their article: “US Steel Shares Tumble on Earnings, Revenue Miss, Weak Outlook” published on November 01, 2016, Benzinga.com published: “US Steel Bent By Poor Results, Guidance” on November 01, 2016. More interesting news about United States Steel Corporation (NYSE:X) were released by: Schaeffersresearch.com and their article: “Earnings Preview: United States Steel Corporation (X)” published on October 31, 2016 as well as Seekingalpha.com‘s news article titled: “United States Steel (X) Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 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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