Price Target Update on United States Steel Corporation (NYSE:X)

United States Steel Corporation (NYSE:X) stock is expected to deviate a maximum of $6.11 from the average target price of $14.55 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $6.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Bank of America upgrades its rating on United States Steel Corporation (NYSE:X). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Bank of America raises the price target from $10 per share to $18 per share. The rating by the firm was issued on June 15, 2016.

United States Steel Corporation (NYSE:X): stock turned positive on Thursday. Though the stock opened at $17.55, the bulls momentum made the stock top out at $18.08 level for the day. The stock recorded a low of $17.28 and closed the trading day at $18.04, in the green by 5.37%. The total traded volume for the day was 11,898,470. The stock had closed at $17.12 in the previous days trading.

The company shares have dropped -22.32% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $22.52 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $15.91 and the 200 Day Moving Average price is recorded at $12.64. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of United States Steel Corp, Mascarenas Paul Anthony, had purchased 1,000 shares in a transaction dated on May 5, 2016. The transaction was executed at $18.9 per share with total amount equaling $18,900.

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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