United States Steel Receives Consensus Recommendation of “Hold” from Analysts (NYSE:X)
United States Steel (NYSE:X) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, AnalystRatings.NET reports. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.31.
X has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of United States Steel to a “sell” rating in a research note on Tuesday, June 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United States Steel in a research note on Monday, May 26th. They now have a $25.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United States Steel in a research note on Thursday, May 1st. They now have a $24.00 price target on the stock.
Shares of United States Steel (NYSE:X) opened at 27.10 on Thursday. United States Steel has a 1-year low of $16.86 and a 1-year high of $31.15. The stock’s 50-day moving average is $24.83 and its 200-day moving average is $26.08. The company’s market cap is $3.921 billion.
United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.05. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that United States Steel will post $0.99 earnings per share for the current fiscal year.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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