United States Steel Corporation (NYSE:X) plunged -8.24% during previous trade, a total of 25.15M shares exchanged hands compared with its average trading volume of 14.71M shares whereas its relative volume is 1.71. The stock has a market capitalization of $2.51B along with 165.61M outstanding shares. Stock’s intraday price range hit the peak level of $18.20 and touched the lowest level of $16.80.
Most recently United States Steel Corporation (NYSE:X)’s price target was revised on 08/31/16 and according to 5 analysts stock’s price will reach at $43.54 during 52 weeks with standard deviation of 3.87. Stock’s minimum price target estimates has been figured out at $30.77 while the maximum price target forecast is established at $50.00, if we look at the price target with an optimistic approach it has upside potential of 88% from its latest closing price of $17.03.
Historically, if we look at price target revisions, three weeks ago United States Steel Corporation (NYSE:X)’s price target was revised on 08/14/16 by the analysts, however the bullish price estimates of the stock set at $24.50 while the bearish estimates kept at $12.00 over the next one year. Stock’s 52-week target was retained at $18.75, the estimates indicates a standard deviation of 4.08.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 3.75. ABR value is precisely based on brokerage recommendations, where out of 12 brokerage recommendations 1 rate United States Steel Corporation (NYSE:X) stock a Strong Buy, 0 rate the stocks of the company a Buy, 5 rate Hold, 1 rate Sell and 5 recommend a Strong Sell. Most recently on 8/19/2016 the stock of United States Steel Corporation (NYSE:X) downgraded by KeyBanc Capital Mkts from Sector Weight to Underweight. However previously on 8/5/2016 it was upgraded by Jefferies from Underperform to Hold. A research note issued on 7/28/2016 the stock was downgraded by BofA/Merrill from Neutral to Underperform.
United States Steel Corporation (NYSE:X) performance over the past one year advanced 19.64% whereas its year to date (YTD) performance indicated a bullish trend of 115.77%. During the last six months the stock rose 17.74%. Quarterly performance of the company shows declining momentum of -1.20% while its last one month trend is negative with -26.56%. Stock’s weekly performance expressed down trend of -11.90%.
The company’s price sits -20.30% below from its 50-day moving average of $22.11 and 16.33% far from the stock’s 200-day moving average which is $17.75. United States Steel Corporation (NYSE:X)’s shares are currently trading -38.27% away from the 52-week high price of $27.59 and +179.97% far from the 52-week low price of $6.08.
According to consensus agreement of 3 analysts United States Steel Corporation (NYSE:X) will report earnings per share of $0.78 in their quarterly report and it is expected to announce the company’s results on 11/1/16. For the current quarter the company has high EPS estimates of $0.82 in contradiction of low EPS estimates of $0.75. However a year ago for the same quarter the company has reported $0.85 EPS. Current year EPS projections for United States Steel Corporation (NYSE:X) are set at $3.32 according to the sentiments of 3 analysts, while its lowest earnings estimates are $3.27 and highest earnings estimates are $3.41.
According to 1 analysts, United States Steel Corporation (NYSE:X)’s revenue estimates for the current quarter are $138M meanwhile the company has high revenue estimates of $138M in contradiction of low revenue estimates of $138M. For the current year the company’s revenue estimates are $572.21M compared to low analyst estimates of $570.18M and high estimates of $576.01M according to the projection of 4 analysts.