United States Steel Corporation (X) Receives Price Target

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 $25 and the lowest price target forecast is $12. The average forecast of all the analysts is $18.68 and the expected standard deviation is $3.87.

United States Steel Corporation (X) : 12 analysts are covering United States Steel Corporation (X) and their average rating on the stock is 3.75, which is read as a Sell. 1 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 3, which recommends a Hold 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 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, KeyBanc downgrades its outlook on United States Steel Corporation (NYSE:X). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Sector Weight. The rating by the firm was issued on August 19, 2016.

United States Steel Corporation (NYSE:X): The stock opened at $19.53 on Thursday but the bulls could not build on the opening and the stock topped out at $19.58 for the day. The stock traded down to $18.66 during the day, due to lack of any buying support eventually closed down at $19.33 with a loss of -0.57% for the day. The stock had closed at $19.44 on the previous day. The total traded volume was 16,664,800 shares.

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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