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United States Steel (X) Receives a Hold from Morgan Stanley

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Morgan Stanley analyst Carlos De Alba maintained a Hold rating on United States Steel (XResearch Report) today and set a price target of $27.00. The company’s shares closed last Wednesday at $25.24.

According to TipRanks.com, Alba is a 5-star analyst with an average return of 34.6% and a 66.3% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Nexa Resources SA, and Freeport-McMoRan.

The word on The Street in general, suggests a Hold analyst consensus rating for United States Steel with a $34.46 average price target, which is a 31.9% upside from current levels. In a report issued on May 2, BMO Capital also assigned a Hold rating to the stock with a $39.00 price target.

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Based on United States Steel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.23 billion and net profit of $882 million. In comparison, last year the company earned revenue of $3.66 billion and had a net profit of $91 million.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock.

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.

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