Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company.
Advertisement
Analysts at Jefferies have downgraded United Steel from a “Hold” rating to an “Underperform” and set a new target price for the stock at $10. Commerzbank Aktiengesellschaft FI now owns 1,722,992 shares of the company’s stock worth $3,860,000 after buying an additional 553,780 shares during the last quarter.
At present, United States Steel Corporation shares are trading down 3.74% at $15.17, as of 8:37 AM EDT. Jefferies downgraded US Steel stock to an Underperform with a price target of $10. (NYSE: VRX) was downgraded to Equal Weight from Overweight with a $35 price target (down from $135) at Barclays.
Many Wall Street Analysts have commented on United States Steel Corporation. They now have a Dollars 11 price target on the stock.
Analysts await United States Steel Corporation (NYSE:X) to reports earnings on April, 26.
Symantec Corp. (NASDAQ: SYMC) was raised to Overweight from Neutral with a $24 price target (versus an $18.60 close) at Piper Jaffray. United States Steel Corporation makes up approx 0.07% of Gsa Capital Partners Llp’s portfolio. Today, you can download 7 Best Stocks for the Next 30 Days. Finally, Deutsche Bank dropped their price target on United States Steel from $5.00 to $4.50 and set a “sell” rating for the company in a report on Monday, February 1st.
“While X and AKS will benefit from near-term steel price strength, both will also be first to fall as price momentum fades into summer”, analysts added.
While U.S. Steel and AK Steel Holding Corp.
01/27/2016 – United States Steel Corporation had its “sell” rating reiterated by analysts at Axiom Capital. Morgan Stanley downgraded the firm’s rating on November 9.
Advertisement
Currently, the analyst consensus on United States Steel is Hold and the average price target is $9, representing a -42.9% downside. The company’s 50 day moving average price is $10.44 and its 200 day moving average price is $10.02. The revenue for X and AKS in the most recent earnings report were $2.57 billion and $1.54 billion, respectively. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The company also provides railroad services; and owns, develops, and manages various real estate assets. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States, except the Fairfield pipe facility. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.
