United States Steel Corporation (NYSE:X) registered a -0.88% decrease, still its new closing price is 396.29% up from the company’s 1 year high of 39.14.It posted -1.54% losses in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 2 buy or better ratings. The 18 stock analysts following this company have an average price target at $33.47, with individual PT in the $14.00-$46.00 range. The shares moved at $32.71, implying that brokerage firms see shares gaining about 356.64% in twelve months time.
United States Steel Corporation (X) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.91% fall year to date. A President & CEO at United States Steel Corporation (X) offloaded shares in a transaction closed on Wednesday December 07, 2016. Filho Mario Longhi sold 111,550 shares in the company at $36.62 each and collected $4,084,001 in proceeds. Filho Mario Longhi now owns 330,019 shares in the company after this transaction. A Sr. VP – Consumer Solutions in the company, Greenstein Sara A., disclosed a transaction on Wednesday December 07, 2016 that ended up generating $75,000 from the sale of 2,128 shares at $35.34 per share.
United States Steel Corporation (NYSE:X) Upcoming Results on Tap
United States Steel Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.71 in that period. Sales during the quarter are predicted to arrive at $2.9 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.69 billion in revenue and EPS of $0.40. The mean forecast was for $2.82 billion and $0.80 a share, respectively. One quarter earlier, revenue for the stock was at $2.58 billion, with earnings at $-0.31/share.
United States Steel Corporation (X) Brokerage Update
United States Steel Corporation (X) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Citigroup, according to news reported on Thursday January 19, 2017.Another important research note was issued by Credit Suisse on Thursday January 12, 2017.The firm downgraded X to Neutral from Outperform. Over the last six months and over the last three months, the shares of United States Steel Corporation (X), have changed 23.64% and 69.81%, respectively.