Barclays Maintains a Hold Rating on United States Steel

Sources: this site    Click:    Date: 2016-4-21 2:35:24

In a report released today, Matthew Korn from Barclays maintained a Hold rating on United States Steel (NYSE:X), with a price target of $15. The company’s shares closed yesterday at $19.33.

United States Steel has an analyst consensus of Hold, with a price target consensus of $15.67.

The company has a one year high of $27.19 and a one year low of $6.11. Currently, United States Steel has an average volume of 16.08M.

Unlike Barclays` latest rating, based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of X in relation to earlier this year. Most recently, in February 2015, David Burritt, a the EVP & CFO of X bought 40,083 shares for a total of $998,039.

According to TipRanks.com, Korn is a 3-star analyst with an average return of 3.0% and a 53.6% success rate. Korn covers the Basic Materials sector, focusing on stocks such as Cloud Peak Energy Inc, Peabody Energy Corp., and AK Steel Holding.

United States Steel Corp. engages in the manufacture and sale of steel products. It operates through the following segments: Flat-Rolled Products, U.S. Steel Europe and Tubular Products. The Flat-Rolled Products segment manages steel plants and production facilities that manufactures steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment produces and markets strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment manufactures and trades 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.