why United States Steel Corporation [X] is a Good Choice for Investors After New Price Target of $26.22

United States Steel Corporation [NYSE: X] slipped around -1.01 points on Friday, while shares priced at $18.85 at the close of the session, down -5.09%. The company report on October 11, 2022 that United States Steel Corporation Named to Newsweek’s List of the Top 100 Most Loved Workplaces for 2022.


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U. S. Steel Ranked 71 Among 100 U.S. Companies Recognized for Employee Sentiment and Satisfaction.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) was featured in Newsweek’s Most Loved Workplaces® list for the second year in a row, ranking 71st among the top 100 companies recognized for employee happiness and satisfaction at work in 2022.

United States Steel Corporation stock is now -20.83% down from its year-to-date (YTD) trading value. X Stock saw the intraday high of $20.09 and lowest of $18.82 per share. The company’s 52-week high price is 39.25, which means current price is +14.87% above from all time high which was touched on 04/01/22.

Compared to the average trading volume of 11.84M shares, X reached a trading volume of 9615456 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $26.22 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 2.90. 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 1.09, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 12.14. Price to Free Cash Flow for X in the course of the last twelve months was 1.38 with Quick ratio for the last quarter at 1.30.

How has X stock performed recently?

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 0.21. With this latest performance, X shares dropped by -7.14% in over the last four-week period, additionally sinking by -49.11% over the last 6 months – not to mention a drop of -16.00% 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 42.07, with the RSI for the last a single of trading hit 41.55, and the three-weeks RSI is set at 42.84 for United States Steel Corporation [X]. The present Moving Average for the last 50 days of trading for this stock 21.81, while it was recorded at 19.36 for the last single week of trading, and 24.92 for the last 200 days.

United States Steel Corporation [X]: Deeper insight into the 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 analysis for United States Steel Corporation [X]

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%.

Insider trade positions for United States Steel Corporation [X]

There are presently around $3,580 million, or 82.70% 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 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 22,898,261 shares of the stock with an approximate value of $431.63 million in X stocks shares; and SOROBAN CAPITAL PARTNERS LP, currently with $220.24 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 October and at the time of the October reporting period, where 240 institutional holders increased their position in United States Steel Corporation [NYSE:X] by around 33,297,825 shares. Additionally, 215 investors decreased positions by around 41,318,649 shares, while 70 investors held positions by with 115,287,395 shares. The mentioned changes placed institutional holdings at 189,903,869 shares, according to the latest SEC report filing. X stock had 81 new institutional investments in for a total of 7,000,066 shares, while 94 institutional investors sold positions of 20,652,710 shares during the same period.

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