United States Steel (NYSE:X) Receives a Higher Rating From Citigroup. What’s The Reasoning Behind This Move?

January 23, 2018 - By Jan Rainey

  United States Steel (NYSE:X) Receives a Higher Rating From Citigroup. What’s The Reasoning Behind This Move?

United States Steel (NYSE:X) Stock Upgrade

United States Steel (NYSE:X) was boosted by Citigroup from a “Sell” rating to a solid “Neutral” rating in analysts note issued to investors and clients on 22 January.

United States Steel Corporation (NYSE:X) Ratings Coverage

Among 22 analysts covering United States Steel Corporation (NYSE:X), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. United States Steel Corporation has $50 highest and $4 lowest target. $24.82’s average target is -36.86% below currents $39.31 stock price. United States Steel Corporation had 95 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley on Monday, November 14 to “Overweight”. The stock of United States Steel Corporation (NYSE:X) has “Underweight” rating given on Friday, August 19 by KeyBanc Capital Markets. The firm has “Hold – Buy” rating given on Friday, June 23 by Deutsche Bank. As per Wednesday, August 30, the company rating was maintained by Jefferies. The company was downgraded on Tuesday, November 29 by Argus Research. Credit Suisse maintained the shares of X in report on Wednesday, June 8 with “Outperform” rating. The firm has “Neutral” rating by Bank of America given on Wednesday, June 15. The company was upgraded on Monday, February 6 by Argus Research. The firm has “Sell” rating by Axiom Capital given on Friday, August 21. Deutsche Bank maintained the stock with “Buy” rating in Monday, October 5 report.

The stock increased 1.39% or $0.54 during the last trading session, reaching $39.31. About 9.50 million shares traded. United States Steel Corporation (NYSE:X) has risen 45.54% since January 23, 2017 and is uptrending. It has outperformed by 28.84% the S&P500.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on January, 30. They expect $0.63 EPS, up 133.33 % or $0.36 from last year’s $0.27 per share. X’s profit will be $110.25M for 15.60 P/E if the $0.63 EPS becomes a reality. After $0.92 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -31.52 % negative EPS growth.

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company has market cap of $6.88 billion. It operates through three divisions: Flat-Rolled Products , U. It has a 56.16 P/E ratio. S.

More notable recent United States Steel Corporation (NYSE:X) news were published by: Fool.com which released: “Why Steel Makers United States Steel and AK Steel Posted Huge Stock Price …” on January 05, 2018, also Seekingalpha.com with their article: “United States Steel – What A Beauty” published on January 04, 2018, Globenewswire.com published: “US Steel Issues Statement on Department of Commerce Section 232 Report” on January 12, 2018. More interesting news about United States Steel Corporation (NYSE:X) were released by: Bizjournals.com and their article: “Steel industry wants fast action now that probe on imports concluded” published on January 12, 2018 as well as Fool.com‘s news article titled: “The Simple Reason I Won’t Buy United States Steel Corporation Stock” with publication date: January 04, 2018.

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