United States Steel Corporation (X) Receives ‘Analyst’ Rating

United States Steel Corporation (X) : 1 brokerage houses believe that United States Steel Corporation (X) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United States Steel Corporation (X). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 5 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Sell with a rating of 3.75.

United States Steel Corporation (X) : The most positive equity analysts on United States Steel Corporation (X) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $18.68 with an expected fluctuation of $3.87 from the mean.


Also, KeyBanc downgrades its rating on United States Steel Corporation (NYSE:X). Analysts at the KeyBanc have a current rating of Underweight on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on August 19, 2016.

United States Steel Corporation (NYSE:X): The stock opened in the green at $16.28 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $16.46 and a low of $15.8358 for the day. The stock did not find buyers even at the lows and closed at $16.06 recording a loss of -1.35%. 14,525,655 shares exchanged hands during the trading day. The stock had closed at $16.28 in the previous days trading.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Companys railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steels integrated steel plants in the United States, except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), the Companys steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steels tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.

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