Cuts Rating On United States Steel Corporation (X) To "Underperform"

Over the last few days fluctuation in the stock of United States Steel Corporation (NYSE:X) was the main talking point of investors.

Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares.

A number of other research firms have also recently issued reports on AKS.

United States Steel Corporation (NYSE:X) in the last month has decreased -0.92%. For the quarter, shares have been noted at -12.06%. The short interest to AK Steel Holding Corporation's float is 21.99%. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 7,516 shares during the last quarter. Convergence Investment Prtn Lc has invested 0.26% in AK Steel Holding Corporation (NYSE:AKS). $20.47's average target is -14.10% below currents $23.83 stock price. Shikiar Asset Management Inc. boosted its holdings in shares of AK Steel Holding Corporation by 2.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company's stock worth $112,000 after purchasing an additional 3,155 shares in the last quarter.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. The stock has "Hold" rating by Jefferies on Wednesday, September 16.

Several brokerages recently commented on X. Barclays PLC reissued an "equal weight" rating and set a $25.00 price objective (up from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Cowen and Company reiterated a "market perform" rating and set a $7.00 target price on shares of AK Steel Holding Corporation in a report on Friday, May 12th.

AK Steel Holding Corporation most recently reported earnings per share (EPS) of $0.19 for the June 2017 versus $0.08 in the same quarter a year ago, representing 138% growth. Yearly performance of the stock shows a bullish trend of 17.37% while year-to-date (YTD) performance reflected -45.74% negative outlook. AK Steel Holding Corporation had 62 analyst reports since July 29, 2015 according to SRatingsIntel.

In the most updated research from a number of analysts on Wall Street, the company gets 5 Buys and 0 Sell among 12 analysts.

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Shares of AK Steel Holding Corporation (NYSE AKS) traded down 5.78% during trading on Wednesday, hitting $5.22. 4,878,048 shares of the stock traded hands. The stock stands almost $4.19 off versus the 52-week high of $11.87 and $2.86 above the 52-week low of $4.82.

The company's P/E ratio is 149.68 and the market cap is 4.14B. From the opening price, the stock has seen a change of -2.55% recently clocking in with a price of $5.24. As of the last earnings report the EPS was $0.16 and is projected to be $1.76 for the current year with 174,911,000 shares now outstanding. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%.

Looking forward, the company's quarterly earnings are expected to come at -$0.77 in the three months through September 2017 and -$0.91 in the quarter ending December 2017, reflecting -2666.67% and 1037.5% growth, respectively. During the same quarter in the prior year, the business earned ($0.32) earnings per share. The firm's revenue was up 21.7% compared to the same quarter previous year. On average, equities research analysts anticipate that United States Steel Corporation will post $1.76 EPS for the current fiscal year. The company recorded a fall in short interest between August 15, 2017 and August 31, 2017 of -0.59%. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. United States Steel Corporation's dividend payout ratio is presently 125.00%.

In related news, Director Eugene Sperling purchased 1,000 shares of the company's stock in a transaction dated Friday, September 15th. About 46,910 shares traded. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Murry Gerber bought 4,000 shares of the stock in a transaction that occurred on Friday, September 1st. 01, 2017, the shares were bought at an average price of $26.89, giving away a sum of $107,560.

The company is down by 4.10% percent from yesterday's close. The disclosure for this purchase can be found here. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. It operates in three divisions: US and Canada, International and Manufacturing/Wholesale.

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