United States Steel Corporation (NYSE:X) registered a 11.24% increase, still its new closing price is 426.14% up from the company’s 1 year high of 39.14.It posted 3.91% gains in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 18 stock analysts following this company have an average price target at $33.67, with individual PT in the $14.00-$46.00 range. The shares moved at $34.85, implying that brokerage firms see shares gaining about 369.07% 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 5.57% rise 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 $0.44 in that period. Sales during the quarter are predicted to arrive at $2.9 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.65 billion in revenue and EPS of $0.27. The mean forecast was for $2.65 billion and $0.01 a share, respectively. One quarter earlier, revenue for the stock was at $2.69 billion, with earnings at $0.40/share.
United States Steel Corporation (X) Brokerage Update
United States Steel Corporation (X) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by BofA/Merrill, according to news reported on Thursday February 02, 2017.Another important research note was issued by Citigroup on Thursday January 19, 2017.The firm downgraded X to Neutral from Buy. Over the last six months and over the last three months, the shares of United States Steel Corporation (X), have changed 33.59% and 86.72%, respectively.