United States Steel Corp. (NYSE:X) stock is presently standing at about $25.71 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 14 analysts covering the company is $20.50, which suggests the stock could still rise over -25 percent. The highest analyst price target is $29.00, which implies a rally of 87 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 2 rate X a strong buy. There are 6 equity research firms advocating a Hold and 1 consider it Sell.
Jefferies analysts provided their view on United States Steel Corp. (NYSE:X) recently. The rating firm issued a Buy rating to this company in a research note released on Nov 09, 2016. BofA/Merrill analysts disclosed their opinion on United States Steel Corp. (NYSE:X) recently. The rating firm gave a Neutral rating to this stock in a research note published on Nov 03, 2016. According to a research note disclosed on Sep 19, 2016, analysts at KeyBanc Capital Mkts have upped their rating on these shares from Underweight to Sector Weight.
United States Steel Corp. (NYSE:X) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director MASCARENAS PAUL ANTHONY Purchased 1,000 company shares for $18000.9, in a transaction on 2016-05-05. Following the transaction, the Director is left with a stake of 18.9 shares, currently valued at $486. Meanwhile, Director Girsky Stephen J purchased 2,000 shares worth $37000.88, through a transaction dated 2016-05-05. Following the completion of the transaction, the insider is left with a stake of 3,000 shares, amounting $77130. X Director GERBER MURRY also purchased 7,800 shares, at a stock price of $16.88. This transaction occurred on 2015-08-20 totals $131000.66. After this transaction, the insider’s stake stands at 147,753 shares, with a market value of $3798730.
Executives hold 2.05 percent of the stock. Mr. John P. Surma is one of the biggest insider owners in United States Steel Corp. (NYSE:X), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 389,232 shares which have current market value of around $10007154.72.Mario Longhi Filho is another major inside shareholder in the company. The insider owns 316,236 shares as of 0.22%, currently worth $8130427.56. David B. Burritt is ranked as third insider holder of the stock. This insider holds 187,463 shares with a market value around $4819673.73 as of recent close.
United States Steel Corp. (NYSE:X) Earnings Outlook
In United States Steel Corp. (NYSE:X)’s latest quarter, EPS moved to $0.40 from $-0.31 in preceding quarter and revenues reached at $2,686.00M compared to $2,584.00M. Analysts had expected United States Steel Corp. (NYSE:X) to post net income of about $0.80 per share on $2,819.52M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.41 to $0.46. That is compared with the $-0.23 in EPS it reported during the same period a year ago.