United States Steel's (X) "Buy" Rating Reiterated at Morgan Stanley

United States Steel's (X)

JPMorgan Chase & Co. now has a $46.00 target price on the basic materials company's stock. Jefferies Group LLC reissued a "buy" rating and set a $11.50 price target on shares of AK Steel Holding in a research report on Wednesday, January 25th. Morgan Stanley restated a buy rating and issued a $34.00 price objective (down previously from $48.00) on shares of United States Steel in a report on Monday, May 1st.

AK Steel Holding Corporation closed its last trading session at $5.87 with the gain of 1.87%. Citigroup Inc lowered shares of United States Steel from a buy rating to a neutral rating and set a $37.00 price objective on the a report on Thursday, January 19th.

AK Steel Holding Corporation (AKS) plummeted -4.18 percent and ended the day at $5.73. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The stock is now trading 2.45% above its SMA 50 and -18.97% below its SMA 200.

United States Steel (NYSE:X) traded down 1.887% during midday trading on Monday, reaching $20.015. The overall volume in the last trading session was 14.13 Million shares.

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AK Steel Holding Corporation has a 50 day moving average of 6.91 and a 200 day moving average of 8.07. The company has a market capitalization of $1.88 billion, a P/E ratio of 23.18 and a beta of 2.60. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%. During the same period in the previous year, the firm posted ($2.15) EPS.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share.

TRADEMARK VIOLATION WARNING: "United States Steel's (X) Overweight Rating Reiterated at JPMorgan Chase & Co." was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of global trademark & copyright law. Credit Suisse had a markedly different take on 12/01/2017, proposing that Steel Dynamics, now considered Neutral versus prior Outperform rating. Capstone Asset Management Co. now owns 14,831 shares of the basic materials company's stock worth $501,000 after buying an additional 850 shares in the last quarter.

09/18/2015 - AK Steel Holding Corporation had its "buy" rating reiterated by analysts at Morningstar. This represents a $0.20 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, May 8th.

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04/28/2017 - United States Steel Corporation was downgraded to "underperform" by analysts at Macquarie. Stifel Financial Corp purchased a new position in shares of AK Steel Holding during the first quarter worth $110,000.

Anchor Bolt Capital Lp increased Hornbeck Offshore Svcs Inc N (NYSE:HOS) stake by 164,823 shares to 1.59 million valued at $11.49M in 2016Q4. BlackRock Advisors LLC boosted its stake in United States Steel by 28.1% in the third quarter. American International Group Inc. now owns 188,816 shares of the basic materials company's stock worth $1,358,000 after buying an additional 2,981 shares in the last quarter. Bluestein R H & Co. increased its stake in United States Steel by 4,958.7% in the first quarter.

Vale SA (ADR) (NYSE:VALE) as of recent trade, has shown weekly upbeat performance of 4.78 percent which was maintained at -5.91 percent in 1-month period. Dynamic Technology Lab Private Ltd bought a new position in shares of AK Steel Holding during the first quarter worth approximately $467,000.

The Company has 324.64 million shares outstanding and 310.11 million shares were floated in market.

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09/19/2016 - AK Steel Holding Corporation was upgraded to "sector weight" by analysts at KeyBanc. Total debt to equity ratio of the company for most recent quarter is 1.40 whereas long term debt to equity ratio for most recent quarter is 1.27. Northwestern Mutual Wealth Mgmt stated it has 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). North Carolina-based Fincl Bank Of America De has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

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