Opinion

United States Steel Corporation (NYSE:X) Analyst Estimates And Rating

United States Steel Corporation (NYSE:X) stock is presently standing at about $35.78 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $39.00, which suggests the stock could still rise over 8 percent. The highest analyst price target is $60.00, which implies a rally of 32 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 3 rate X a strong buy. There are 8 equity research firms advocating a Hold and 1 consider it Sell.

Argus analysts provided their view on United States Steel Corporation (NYSE:X) recently. The rating firm issued a Buy rating to this company in a research note released on Feb 06, 2017. BofA/Merrill analysts disclosed their opinion on United States Steel Corporation (NYSE:X) recently. The rating firm gave a Buy rating to this stock in a research note published on Feb 02, 2017. According to a research note disclosed on Jan 19, 2017, analysts at Citigroup have lowered their rating on these shares from Buy to Neutral.

United States Steel Corporation (NYSE:X) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Exec. VP and CFO BURRITT DAVID B sold 204,630 company shares for 8363230, in a transaction on 2017-02-21. Following the transaction, the Exec. VP and CFO is left with a stake of 142,326 shares, currently valued at $5092424. Meanwhile, GC & Sr VP – Gov Affairs Folsom Suzanne R sold 9,463 shares worth $378520, through a transaction dated 2017-02-13. Following the completion of the transaction, the insider is left with a stake of 55,627 shares, amounting $1990334.06. X President & CEO Filho Mario Longhi also sold 111,550 shares, at a stock price of $36.62. This transaction occurred on 2016-12-07 totals $4084960. After this transaction, the insider’s stake stands at 330,019 shares, with a market value of $11808080.

Executives hold 1.76 percent of the stock. Mr. John P. Surma is one of the biggest insider owners in United States Steel Corporation (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 $13926720.96.Mario Longhi Filho is another major inside shareholder in the company. The insider owns 317,548 shares as of 0.18%, currently worth $11361867.44. Mr. Murry S. Gerber is ranked as third insider holder of the stock. This insider holds 164,346 shares with a market value around $5880299.88 as of recent close.

United States Steel Corporation (NYSE:X) Earnings Outlook

In United States Steel Corporation (NYSE:X)’s latest quarter, EPS moved to $0.27 from $0.40 in preceding quarter and revenues reached at $2,650.00M compared to $2,686.00M. Analysts had expected United States Steel Corporation (NYSE:X) to post net income of about $0.01 per share on $2,650.63M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.15 to $0.68. That is compared with the $-2.06 in EPS it reported during the same period a year ago.

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