Finance

United States Steel Corporation (X) Upgraded to "Buy" at Longbow Research

United States Steel Corporation (X) Upgraded to

The company has market cap of $2.01 billion. A rating of 4 or 5 would represent a Sell recommendation.

Want to see what other hedge funds are holding TMST? Finally, Norges Bank acquired a new stake in AK Steel Holding Corporation during the fourth quarter valued at $30,527,000. Its revenue totaled $1.48 billion up 4.5% from the previous quarter. Bank of New York Mellon Corp increased its position in AK Steel Holding Corporation by 5.1% in the first quarter. Meadow Creek Investment Management LLC now owns 16,016 shares of the basic materials company's stock worth $115,000 after buying an additional 2,044 shares in the last quarter. The stock was purchased at an average cost of $19.96 per share, for a total transaction of $199,600.00.

Shares of United States Steel Corporation (X) traded down 1.619% during trading on Monday, hitting $22.185.

The Relative Volume of the company is 0.84 and Average Volume (3 months) is 18.98 million. Shares of United States Steel Corporation (X) are trading -46.09% downward from the 52-week high mark and 43.45% above from the fifty two-week low mark. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 7.84%, whereas SMA50 and SMA200 are 10.26% and -7.28% respectively.

United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, April 25th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.02. Out of 17 Wall Street analysts rating AK Steel Holding Corporation, 7 give it "Buy", 1 "Sell" rating, while 9 recommend "Hold". Revenue for the quarter also killed consensus, coming in at $1.53B, compared to the consensus of 1.48B. Its sales stood at 11.20% a year on average in the period of last five years.

So the company beats the analysts estimate by $0.05/share showing a surprise of 35.7%.

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The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. During the same period in the prior year, the business posted ($0.08) earnings per share. Investors of record on Wednesday, May 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 8th.

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Several equities research analysts recently commented on the company. They now have a United States dollars 30 price target on the stock. The High end of the forecast is $0.18 per share, while the Low end is $0.09 per share. AK Steel Holding Corporation P/E (price to earnings) ratio is 25.2 and Forward P/E ratio of 8.87.

Currently, EPS of AK Steel Holding Corporation (AKS) is 0.19 while the analysts predicted the EPS of the stock to be 0.14 suggesting the company fell short of the analysts' expectations. They noted that the move was a valuation call. Vetr downgraded AK Steel Holding Corporation from a "strong-buy" rating to a "buy" rating and set a $8.95 price objective for the company.in a report on Wednesday, March 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $29.44. Following the purchase, the director now owns 12,377 shares in the company, valued at $238,999.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

ATR remains at 0.33 while Beta component of the stock stands at 2.89. The company holds 174.66 million outstanding shares and 173.24 million shares are floating in market. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.