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.

Like this


23 September 2017
Magnitude 5.8 Earthquake Shakes Mexico Coast Days After Deadly Quake
The US Geological Survey reported Saturday that a 5.8-magnitude quake occurred in waters off the Mexican coast. Mexican quake monitors gave the same figure.

23 September 2017
Rodgers says Premier League would be fantastic for Celtic
Celtic boss Brendan Rodgers has little interest in what comes after Celtic on his CV - it could even be Ballymena United. It would be absolutely wonderful , and then you would see the true, real size of a club like Celtic ".

23 September 2017
Sonoco Products Company (NYSE:SON) Shorts Down -8.59% - Shares Trading Down
Perkins Investment Management, LLC divested its ownership by shedding 177,072 shares a decrease of 23.4% in the quarter. Since May 3, 2017, it had 0 insider buys, and 4 sales for $22.03 million activity. $3.71M worth of NVR, Inc.

23 September 2017
Shares in Amgen Inc. (AMGN) Acquired by Wealth Enhancement Advisory Services LLC
Oxbow Advisors Llc holds 1.59% of its portfolio in Tortoise MLP Fund, Inc. for 466,248 shares. (NASDAQ:AMGN) for 2,453 shares. Credit Suisse initiated Amgen, Inc. (NASDAQ:AMGN) has "Hold" rating given on Wednesday, April 5 by Jefferies.

23 September 2017
Irish PM says May speech 'genuine effort to move things forward'
The speech in a 14th-century church in Italy today was aimed at breaking the deadlock in Brexit talks, due to resume on Monday. Theresa May's Brexit speech is a major snub to Boris Johnson and if the Foreign Secretary was true to his word, he'd resign.

23 September 2017
What's a 'dotard' anyway? Kim's insult to Trump
During the Friday remarks, Trump , who at times seemed to take on a Southern accent, also expressed his displeasure with Sen. General Assembly the us will have no choice but to "totally destroy" the North if forced to defend itself or its allies.

23 September 2017
Illinois Tool Works Inc. (ITW) Position Boosted by Dupont Capital Management Corp
On average, equities analysts forecast that Illinois Tool Works will post $6.45 earnings per share for the current fiscal year. The company has a market capitalization of $50.85 billion, a price-to-earnings ratio of 23.91 and a beta of 1.11.

23 September 2017
North Korea may test hydrogen bomb in Pacific
North Korea has launched missiles into the northern Pacific in recent months and has threatened to stage missile tests near Guam. Japanese officials say North Korea could send a nuclear-armed missile over Japan if it tests a hydrogen bomb over the Pacific.

23 September 2017
Carbo Ceramics, Inc. (NYSE:CRR) Among Today's Most Volatile Stocks - Up $0.46
Media coverage about Carbo Ceramics (NYSE:CRR) has been trending somewhat positive this week, Accern reports. CARBO Ceramics Inc. (CRR) formed multiple bottom with $7.69 target or 6.00% below today's $8.18 share price.

23 September 2017
M3.4 quake detected in North Korea
Russian Federation and China have both appealed for an end to the escalating rhetoric between Washington and Pyongyang. A second tremor soon after that test was possibly caused by a "cave-in", CENC said at the time.