United States Steel Corporation (X) : Analyst Rating Update

United States Steel Corporation (X) has an average broker rating of 3.5, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 5 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

United States Steel Corporation (X) : 11 Wall Street analysts covering United States Steel Corporation (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 Corporation (NYSE:X): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.84 and $17.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.95, notching a gain of 1.76% for the day. The total traded volume was 11,754,199 . The stock had closed at $17.64 on the previous day.

Also, Major Brokerage house, Bank of America upgrades its ratings on United States Steel Corporation (NYSE:X). In the latest research report, Bank of America raises the target price from $10 per share to $18 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 15, 2016. The company shares have dropped -7.93% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $21.49 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $15.93 and the 200 Day Moving Average price is recorded at $13.23.

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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