United States Steel Corp (NYSE: X) stock closed at $40.86 on 3/13/24 after a major decline of -12.8%. Moreover, trading volume in this decline was exceptionally high at 731% of normal. The stock has declined -14.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, X is expected to continue to be a modest Value Builder.
United States Steel has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United States Steel has a very high Appreciation Score of 90 and a very high Power Rating of 100, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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