Analyst Rating Update on United States Steel Corporation (X)

United States Steel Corporation (X) : 1 brokerage houses believe that United States Steel Corporation (X) is a Strong Buy at current levels. 6 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 Buy with a rank of 2. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 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 Hold with a rating of 3.5.

United States Steel Corporation (X) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $6. The average forecast of all the analysts is $17.27 and the expected standard deviation is $5.83.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of United States Steel Corporation (NYSE:X). Bank of America has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 28, 2016.


United States Steel Corporation (NYSE:X): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.67 and $25.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.20, notching a gain of 1.99% for the day. The total traded volume was 8,986,949 . The stock had closed at $25.69 on the previous day.

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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