United States Steel Corporation (NYSE:X) Receives An Update From Brokers

U.S. Steel

In addition to Longbow reporting its target price, a total of 14 firms have reported on the stock. Macquarie raised its rating on AK Steel Holding Corporation to Outperform on 24/04/2017 in a reversal from its prior Neutral rating. Jefferies Group LLC increased their price target on United States Steel Corporation from $45.00 to $50.00 and gave the company a buy rating in a research note on Thursday, March 30th.

AK Steel Holding Corporation on 6/29/2017 reported its EPS as $0.21 with the analysts projecting the EPS of the stock as $0.13. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.66.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of AK Steel Holding Corporation (AKS) stands at -1.88 while the industry's and the sector's growth for next 5 years ticked at -2.86 and 1.78 respectively. United States Steel Corporation's 50-day moving average is $22.34 and its 200-day moving average is $28.62. United States Steel also was the recipient of some unusual options trading activity on Wednesday. Traders purchased 51,977 put options on the company. This represents an increase of approximately 194% compared to the typical volume of 17,668 put options.

United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, July 25th. For the quarter, shares have been noted at -31.81%. However a year ago for the same quarter the company has reported $0.21 EPS.

07/27/2017 - United States Steel Corporation had its " rating reiterated by analysts at Cowen. Next quarter's EPS is forecasted to be $-0.27 and the next full year EPS is projected to be $0.42. Equities research analysts expect that United States Steel will post $1.46 earnings per share for the current fiscal year. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of USA & global copyright legislation. The legal version of this article can be viewed at https://weekherald.com/2017/07/29/jefferies-group-weighs-in-on-united-states-steel-co-s-q3-2017-earnings-nysex.html. The shares were purchased at an average price of $19.31 per share, with a total value of $28,965.00. Following the completion of the purchase, the director now owns 21,872 shares of the company's stock, valued at $436,127.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Columbia Partners Llc Investment Management who had been investing in Ak Steel Holding Corp for a number of months, seems to be bullish on the $1.70B market cap company. The shares were bought at an average price of $19.94 per share, for a total transaction of $49,850.00. Following the acquisition, the director now owns 12,377 shares of the company's stock, valued at approximately $238,999.87. The disclosure for this purchase can be found here. Its last month's stock price volatility remained 4.34% which for the week stands at 4.19%. Institutional owners hold 79.70% stake in the company, while insiders ownership held at 0.60%.

A number of hedge funds have recently modified their holdings of the stock. United States Steel Corporation had 72 analyst reports since July 30, 2015 according to SRatingsIntel. Its book value per share for the most recent quarter is $-0.73 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.57, however its price to cash per share ratio for the same period is 10.56.

On September 16 Jefferies maintained a company rating of "Buy" and lowered the price target to $20.00 from $0.00. The business's revenue for the quarter was up 4.4% compared to the same quarter previous year. Finally, Copper Rock Capital Partners LLC increased its position in AK Steel Holding Corporation by 1.7% in the first quarter. Teachers Advisors LLC now owns 1,817,328 shares of the basic materials company's stock worth $61,444,000 after buying an additional 143,268 shares during the period. Finally, Truepoint Inc. bought a new position in shares of AK Steel Holding Corporation during the first quarter worth about $144,000.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation.

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