KeyBanc Upgrades United States Steel Corporation to Sector Weight

Brokerage firm KeyBanc Upgrades its rating on United States Steel Corporation(NYSE:X). The shares have been rated Sector Weight. Previously, the analysts had a Underweight rating on the shares. The rating by KeyBanc was issued on Sep 19, 2016.

In a different note, On Sep 15, 2016, Jefferies said it Maintains its rating on United States Steel Corporation. In the research note, the firm Lowers the price-target to $24.50 per share. The shares have been rated ‘Hold’ by the firm. On Aug 19, 2016, KeyBanc said it Downgrades its rating on United States Steel Corporation. The shares have been rated ‘Underweight’ by the firm. On Aug 5, 2016, Jefferies said it Upgrades its rating on United States Steel Corporation. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Underperform’ by the firm. 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.

United States Steel Corporation (X) made into the market gainers list on Thursdays trading session with the shares advancing 1.68% or 0.3 points. Due to strong positive momentum, the stock ended at $18.2, which is also near the day’s high of $18.94. The stock began the session at $18.54 and the volume stood at 2,31,23,398 shares. The 52-week high of the shares is $27.64 and the 52 week low is $6.15. The company has a current market capitalization of $2,670 M and it has 14,67,30,630 shares in outstanding.

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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