CLSA Maintains United States Steel Corporation to Sell with Price Target $17.00

Brokerage firm CLSA Maintains its rating on United States Steel Corporation(NYSE:X). In a research note issued to the investors, the brokerage major Raises the price-target to $17.00 per share. The shares have been rated Sell. The rating by CLSA was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, Bank of America said it Downgrades its rating on United States Steel Corporation. The shares have been rated ‘Underperform’ by the firm. On Jul 28, 2016, Argus Research said it Upgrades its rating on United States Steel Corporation. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Barclays said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 6, 2016, Deutsche Bank said it Upgrades its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 15, 2016, Bank of America said it Upgrades its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 10, 2016, Jefferies said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Underweight’ by the firm.

United States Steel Corporation (X) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -0.80% at a volume of 92,37,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.23. The peak price level was also seen at $26.23 while the days lowest was $25.45. Finally the shares closed at $25.99. The 52-week high of the shares is $27.64 while the 52-week low is $6.15. According to the latest information available, the market cap of the company is $3,814 M.

United States Steel Corporation has also declared a cash dividend of $0.0500 on Jul 26, 2016. The shares will quote ex-dividend on Aug 8, 2016 and the record date has been fixed on Aug 10, 2016. The dividend payable date has been fixed on Sep 10, 2016.

United States Steel Corporation(X) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.58B. Analysts had an estimated revenue of $2.67B. Earnings per share were $-0.31. Analysts had estimated an EPS of $-0.53.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, Paul Anthony Mascarenas (director) purchased 1,000 shares at $18.90 per share price.Also, On May 9, 2016, Stephen J Girsky (director) purchased 2,000 shares at $18.93 per share price.On Aug 24, 2015, Murry Gerber (director) purchased 7,800 shares at $16.88 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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. Steel’s 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 Company’s steel plant and coke production facilities in Slovakia. 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.

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