Stock Worth Mentioning: Is Buying United States Steel Corporation Here a Winning Strategy?

Stock Worth Mentioning: Is Buying United States Steel Corporation Here a Winning Strategy?

The stock of United States Steel Corporation (NYSE:X) is a huge mover today! About 10.00M shares traded hands. United States Steel Corporation (NYSE:X) has risen 22.29% since April 5, 2016 and is uptrending. It has outperformed by 20.33% the S&P500.
The move comes after 6 months positive chart setup for the $3.71B company. It was reported on Nov, 8 by Barchart.com. We have $28.36 PT which if reached, will make NYSE:X worth $1.37 billion more.

United States Steel Corporation (NYSE:X) Ratings Coverage

Out of 19 analysts covering United States Steel Corporation (NYSE:X), 4 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 21% are positive. United States Steel Corporation has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of United States Steel Corporation (NYSE:X) earned “Hold” rating by BB&T Capital on Thursday, September 10. As per Thursday, April 28, the company rating was upgraded by Rosenblatt. The stock of United States Steel Corporation (NYSE:X) has “Hold” rating given on Thursday, January 28 by Argus Research. The stock of United States Steel Corporation (NYSE:X) has “Outperform” rating given on Wednesday, March 23 by Credit Suisse. As per Wednesday, March 9, the company rating was maintained by Nomura. Bank of America upgraded United States Steel Corporation (NYSE:X) rating on Wednesday, June 15. Bank of America has “Neutral” rating and $18 price target. Barclays Capital maintained United States Steel Corporation (NYSE:X) on Thursday, February 4 with “Equal-Weight” rating. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. The company was maintained on Tuesday, April 19 by Barclays Capital. Deutsche Bank upgraded United States Steel Corporation (NYSE:X) on Wednesday, July 6 to “Hold” rating.

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 news for United States Steel Corporation (NYSE:X) were recently published by: Schaeffersresearch.com, which released: “Earnings Preview: United States Steel Corporation (X)” on October 31, 2016. Schaeffersresearch.com‘s article titled: “United States Steel Corporation (X) Option Bull Takes Aim at $20” and published on October 20, 2016 is yet another important article.

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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