For United States Steel Corporation [X], Analyst sees a drop to $44. What next?

United States Steel Corporation [NYSE: X] closed the trading session at $25.36 on 08/26/22. The day’s price range saw the stock hit a low of $25.19, while the highest price level was $26.2699. The company report on August 17, 2022 that United States Steel Corporation, Big River Steel LLC and BRS Finance Corp. Commence Tender Offers to Purchase for Cash $300,000,000 Aggregate Principal Amount of Securities.

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Includes offers for securities issued by United States Steel Corporation and co-issued by Big River Steel LLC and BRS Finance Corp.

United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “Company”) and its subsidiaries, Big River Steel LLC, a Delaware limited liability company, and BRS Finance Corp., a Delaware corporation (together, “Big River Steel,” and collectively with U. S. Steel, the “Offerors,” and each of U. S. Steel and Big River Steel individually, an “Offeror”), announced today the commencement of tender offers to purchase (each offer a “Tender Offer” and collectively, the “Tender Offers”) for cash, subject to certain terms and conditions, up to a total of $300,000,000 aggregate principal amount (the “Tender Cap Amount”) of (i) the 6.875% Senior Notes due 2029 (CUSIP No. 912909AU2) issued by U. S. Steel (the “2029 Notes”), (ii) the 6.650% Senior Notes due 2037 (CUSIP No. 912909AD0) issued by U. S. Steel (the “2037 Notes”) and (iii) the 6.625% Senior Secured Notes due 2029 (CUSIP Nos. 08949LAB6 and U0901LAB6) issued by Big River Steel (the “2029 Secured Notes” and, together with the 2029 Notes and the 2037 Notes, the “Securities”), subject to the Series Maximum Tender Amount (as defined below) and subject to the Acceptance Priority Levels (as defined below) and proration. U. S. Steel is the Offeror for the 2029 Notes and the 2037 Notes and Big River Steel is the Offeror for the 2029 Secured Notes.

The stocks have a year to date performance of 6.51 percent and weekly performance of 9.59 percent. The stock has been moved at -5.76 percent over the last six months. The stock has performed 16.87 percent around the most recent 30 days and changed -1.28 percent over the most recent 3-months.

If compared to the average trading volume of 12.08M shares, X reached to a volume of 10199867 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about United States Steel Corporation [X]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for X shares is $26.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on X stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for United States Steel Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 17, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $34 to $28. The new note on the price target was released on June 14, 2022, representing the official price target for United States Steel Corporation stock. Previously, the target price had yet another raise from $21 to $31, while Morgan Stanley kept a Equal-Weight rating on X stock.

The Average True Range (ATR) for United States Steel Corporation is set at 1.07, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 12.56. Price to Free Cash Flow for X in the course of the last twelve months was 1.79 with Quick ratio for the last quarter at 1.30.

X stock trade performance evaluation

United States Steel Corporation [X] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.59. With this latest performance, X shares gained by 16.87% in over the last four-week period, additionally sinking by -5.76% over the last 6 months – not to mention a drop of -4.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for X stock in for the last two-week period is set at 62.21, with the RSI for the last a single of trading hit 63.49, and the three-weeks RSI is set at 59.92 for United States Steel Corporation [X]. The present Moving Average for the last 50 days of trading for this stock 21.04, while it was recorded at 24.22 for the last single week of trading, and 25.44 for the last 200 days.

United States Steel Corporation [X]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and United States Steel Corporation [X] shares currently have an operating margin of +22.79 and a Gross Margin at +24.69. United States Steel Corporation’s Net Margin is presently recorded at +20.42.

Return on Equity for this stock inclined to 65.24, with Return on Assets sitting at 27.94.

United States Steel Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for United States Steel Corporation [X] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for X. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United States Steel Corporation go to 8.00%.

United States Steel Corporation [X]: Insider Ownership positions

There are presently around $4,844 million, or 82.80% of X stock, in the hands of institutional investors. The top three institutional holders of X stocks are: BLACKROCK INC. with ownership of 24,060,553, which is approximately 0.346% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 22,898,261 shares of the stock with an approximate value of $580.7 million in X stocks shares; and SOROBAN CAPITAL PARTNERS LP, currently with $296.3 million in X stock with ownership of nearly 0% of the company’s market capitalization.

Positions in United States Steel Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 240 institutional holders increased their position in United States Steel Corporation [NYSE:X] by around 34,357,731 shares. Additionally, 221 investors decreased positions by around 40,317,395 shares, while 69 investors held positions by with 116,317,927 shares. The mentioned changes placed institutional holdings at 190,993,053 shares, according to the latest SEC report filing. X stock had 82 new institutional investments in for a total of 7,119,378 shares, while 92 institutional investors sold positions of 20,555,671 shares during the same period.


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