U.S. Steel (NYSE: X)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $24.00 price target on the stock.
X has been the subject of a number of other recent research reports. Analysts at Standpoint Research upgraded shares of U.S. Steel from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, March 5th. Separately, analysts at Longbow Research upgraded shares of U.S. Steel from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, March 4th. Finally, analysts at TheStreet reiterated a “sell” rating on shares of U.S. Steel in a research note to investors on Monday, March 4th.
U.S. Steel traded down 3.14% on Wednesday, hitting $20.04. U.S. Steel has a 52-week low of $17.67 and a 52-week high of $32.05. The stock’s 50-day moving average is currently $22.1. The company’s market cap is $2.891 billion.
U.S. Steel last issued its quarterly earnings data on Tuesday, January 29th. The company reported ($0.35) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.78) by $0.43. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company posted ($1.14) earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that U.S. Steel will post $0.99 earnings per share for the current fiscal year.
United States Steel Corporation (U. S. Steel) produces and sells steel mill products, including flat-rolled and tubular products, in North America and Europe.
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