Analyst’s Report Recap: United States Steel Corporation (NYSE:X)

The shares of United States Steel Corporation (NYSE:Xcurrently has mean rating of 3.4 while 3 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 7 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of United States Steel Corporation (NYSE:Xis at $14.93 while the highest price target suggested by the analysts is $28.00 and low price target is $5.00. The mean price target is calculated keeping in view the consensus of 14 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.64B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 10.41B by 14 analysts.

The average estimate of EPS for the current fiscal quarter for United States Steel Corporation (NYSE:Xstands at $-0.58 while the EPS for the current year is fixed at $-2.19 by 16.00 analysts

The next one year’s EPS estimate is set at -0.14 by 17.00 analysts while a year ago the analysts suggested the company’s EPS at $-2.19. The analysts also projected the company’s long-term growth at -30.50% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , United States Steel Corporation (NYSE:Xreported earnings of $-2.06. The posted earnings missed the analyst’s consensus by $-0.83 with the surprise factor of -67.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

United States Steel Corporation (NYSE:X traded down -1.47% during trading on Friday, hitting $17.65 . The stock had a trading volume of 15.0 M shares. The firm has a 50 day moving average of $16.31 and a 200-day moving average of $12.02. The stock has a market cap of $2.55B. On Jun 12, 2015 the shares registered one year high at $24.58 and the one year low was seen on Jan 28, 2016.

On May 26, 2016  United States Steel Corporation (NYSE:X) President and CEO Mario Longhi issued the following statement in response to the International Trade Commission (ITC) decision to initiate an investigation into the allegations contained in the company’s 337 filing against Chinese steel producers.

Longhi’s statement follows:

“United States Steel Corporation is pleased with the International Trade Commission’s decision to initiate an investigation into the allegations contained in our 337 complaint. We are deeply grateful to the thousands of local, state and federal officials, trade associations, customers and suppliers, employees, and our union brothers and sisters for their strong support for the case initiation. We strongly believe that Chinese steel producers have engaged in illegal unfair methods of competition, which have created a force with which no market economy can compete.

“This decision allows for our case to move forward in the ITC 337 process.  We eagerly look forward to commencing discovery and confronting those who have engaged in these illegal acts that have negatively impacted our company. We remain confident that the evidence will prove the Chinese steel producers engaged in collusion, theft and fraud and we will aggressively seek to stop those responsible for these illegal trade actions.”