Short Term Price Target on United States Steel Corporation (X)

United States Steel Corporation (NYSE:X) : 11 Wall Street analysts covering United States Steel Corporation (NYSE:X) believe that the average level the stock could reach for the short term is $14.55. The maximum price target given is $28 and the minimum target for short term is around $6, hence the standard deviation is calculated at $6.11.

United States Steel Corp. has dropped 6.54% in the last five trading days, however, the shares have posted positive gains of 19.83% in the last 4 weeks. United States Steel Corp. is up 2.14% in the last 3-month period. Year-to-Date the stock performance stands at 113.21%. Also, In a research note released to the investors, Bank of America upgrades its rating on United States Steel Corporation (NYSE:X).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. In a recent information released to the investors, Bank of America raises the new 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) : 14 analysts are covering United States Steel Corporation (NYSE:X) and their average rating on the stock is 3.5, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 5 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

United States Steel Corporation (NYSE:X): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.12 and $15.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.86, notching a gain of 5.57% for the day. The total traded volume was 14,516,629 . The stock had closed at $15.97 on the previous day.

In an insider trading activity, Mascarenas Paul Anthony, director of United States Steel Corp, executed a transaction worth $18,900 on May 5, 2016. A total of 1,000 shares were purchased at an average price of $18.9. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.