Last Updated: 14 Sep 2024
Executive Summary
United States Steel Corporation (X) is a leading producer of steel products in North America and Europe. The company has a strong financial position with a market capitalization of $7.8 billion and an EBITDA of $1.45 billion. X is currently trading at $36.07, below its 52-week high of $50.02 and above its 52-week low of $26.92. Analysts have a mixed outlook on the stock, with two rating it a Strong Buy, three rating it a Buy, and five rating it a Hold.
Company Overview
United States Steel Corporation is headquartered in Pittsburgh, Pennsylvania. The company produces and sells tubular and flat rolled steel products primarily in North America and Europe. X has a workforce of approximately 22,000 employees.
Fundamental Analysis
X has a trailing price-to-earnings (PE) ratio of 15.17 and a forward PE ratio of 13.11. The company's price-to-book ratio is 0.686 and its price-to-sales ratio is 0.464. X has a dividend yield of 0.0058% and a payout ratio of 8.7%.
Technical Analysis
X is currently trading below its 50-day moving average of $38.32 and its 200-day moving average of $40.86. The stock's relative strength index (RSI) is 45.71, indicating that it is neither overbought nor oversold.
Short Term Outlook
In the short term, X is likely to trade between $34 and $38. The stock's technical indicators are mixed, with the RSI indicating that it is neither overbought nor oversold. However, the stock is trading below its moving averages, which could indicate that it is in a downtrend.
Long Term Outlook
In the long term, X is likely to benefit from the growing demand for steel in North America and Europe. The company's strong financial position and its focus on innovation should allow it to continue to grow its market share.
Analyst Recommendations
Analysts have a mixed outlook on X. Two analysts rate the stock a Strong Buy, three rate it a Buy, and five rate it a Hold. The average analyst target price is $42.16, which represents a potential upside of 17.2% from the current price.
