U.S. Steel (NYSE: X)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS AG (NYSE: UBS) in a note issued to investors on Wednesday.
Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of U.S. Steel from $30.00 to $35.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Analysts at KeyBanc (NYSE: KEY) reiterated a “buy” rating on shares of U.S. Steel in a research note to investors on Wednesday. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of U.S. Steel to $51.00 in a research note to investors on Wednesday.
United States Steel Corporation (U. S. Steel) is an integrated steel producer of flat-rolled and tubular products with production operations in North America and Europe. The Company has an annual raw steel production capability of 31.7 million net tons (tons) (24.3 million tons in North America and 7.4 million tons in Europe). U. S. Steel is also engaged in other business activities, which are related to steelmaking operations, including the production of coke and iron ore pellets, and transportation services (railroad and barge operations), real estate operations, and engineering consulting services. It operates in three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). On January 31, 2009, the Company completed the sale of a majority of the operating assets of Elgin, Joliet and Eastern Railway Company (EJ&E) to a subsidiary of Canadian National Railway Company.
U.S. Steel traded up 4.00% on Wednesday, hitting $31.399. U.S. Steel has a 1-year low of $18.85 and a 1-year high of $64.03. The stock has a 50-day moving average of $27.28 and a 200-day moving average of $27.87. The company’s market cap is $4.521 billion.
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