Economy

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.

TRADEMARK VIOLATION WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Impact United States Steel Corporation (X) Stock Price" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of global trademark and copyright legislation.

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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