Axiom Securities Reiterates Sell Rating for United States Steel Corporation (X)
- Author: Zachary Reyes Jun 20, 2017,
Jun 20, 2017, 21:01
Investors wait AK Steel Holding Corporation (NYSE:AKS) to report on July, 25. its quarterly earnings Wall Street analysts expect $0.15 earnings per share, up $0.07 or 87.50 % from last year's $0.08 same quarter earnings.
News stories about AK Steel Holding Corporation (NYSE:AKS) have trended positive this week, Alpha One Sentiment reports.
Analyst Ratings This is a summary of recent ratings and recommmendations for Mechel PAO and United States Steel Corporation, as reported by MarketBeat. Morgan Stanley reaffirmed a buy rating and issued a $34.00 price target (down previously from $48.00) on shares of United States Steel Corporation in a report on Monday, May 1st.
Investors may be interested in viewing the Gross Margin score on shares of United States Steel Corporation (NYSE:X). They noted that the move was a valuation call. The company was upgraded on Wednesday, July 6 by Deutsche Bank.
On November 29 the stock rating was downgraded from "Underperform" to "Equal-Weight" and a price target of $27.00 was set by Argus Research. Ameritas Inv stated it has 0.01% in AK Steel Holding Corporation (NYSE:AKS).
The stock is trading at $20.16 slightly below $20.74, the 50 day moving average and which is a tad under the 200 day moving average of $31.06. United States Steel Corporation has a 1-year low of $14.80 and a 1-year high of $41.83. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.
AK Steel Holding Corporation closed its last trading session at $6.09 with the loss of -1.64%.
In the latest earnings report the EPS was $-1.71 and is estimated to be $1.06 for the current year with 174,659,000 shares presently outstanding. United States Steel Corporation (NYSE:X) has risen 45.54% since June 20, 2016 and is uptrending. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned ($2.15) EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter past year. On average, analysts forecast that United States Steel Corporation will post $1.06 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another site, it was copied illegally and republished in violation of USA and global copyright laws. Allstate Corp acquired 345,040 shares as Ebay Inc (EBAY)'s stock rose 0.21%. The ex-dividend date was Monday the 8th of May 2017.
Now the shares of United States Steel Corp. About 58,024 shares traded. The stock was bought at an average cost of $19.94 per share, with a total value of $49,850.00. Point72 Asset L P holds 1.59M shares. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $37.35 on company shares. Bluecrest Capital accumulated 0.1% or 184,174 shares. Going from the most negative analyst price target to above consensus is one thing. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth. In contrast, AKS's 52 week high hovers at $11.39 with its current distance from 52 week high value is -44.86%. Tyers Asset Management LLC purchased a new stake in United States Steel Corporation during the fourth quarter valued at $196,000. The Price Index 12m for United States Steel Corporation (NYSE:X) is 1.15109. Tudor Investment Corp ET AL raised its position in United States Steel Corporation by 160.8% in the first quarter.
The stock increased 4.84% or $0.29 during the last trading session, reaching $6.28. The correct version of this story can be viewed at https://www.thestockobserver.com/2017/06/20/united-states-steel-corporation-x-upgraded-to-buy-at-longbow-research.html.
Two other important profitability ratios for investors to know are both returns-based ratios that measure a company's ability to create wealth for shareholders.
The Flat-Rolled segment includes the operating results of its integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Firm operates through three divisions: Flat-Rolled Products, U.