KeyBanc analyst Philip Gibbs maintained a Hold rating on United States Steel (X – Research Report) today. The company’s shares closed yesterday at $38.87.
According to TipRanks, Gibbs is a 5-star analyst with an average return of 20.3% and a 66.98% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Steel Dynamics, and Materion.
The word on The Street in general, suggests a Hold analyst consensus rating for United States Steel with a $54.25 average price target.
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Based on United States Steel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.14 billion and a GAAP net loss of $80 million. In comparison, last year the company earned a revenue of $4.34 billion and had a net profit of $174 million
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of X in relation to earlier this year.
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United States Steel (X) Company Description:
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.
Read More on X:
- United States Steel Releases Q1 2024 Financial Guidance
- Cleveland-Cliffs (NYSE:CLF) May Bid on U.S. Steel If Nippon Deal Fails
- Cleveland-Cliffs CEO says could bid in ‘$30s’ for U.S. Steel if Nippon bid fails
- U.S. Steel (NYSE:X) Slips as Biden Formally Opposes Sale to Nippon
- Biden speech likely to extend review of U.S. Steel deal, says Morgan Stanley
