United States Steel Corp (NYSE: X) has reported earnings for its second fiscal quarter (ending June 30) of $0.82 versus $2.12 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.56 versus $5.81 for the same period a year ago.
Recent Price Action
United States Steel Corp (NYSE: X) stock closed at $40.66 on 8/1/24 after a modest decline of -1.0%. Moreover, this decline was accompanied by above average trading volume at 125% of normal. The stock has risen 2.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
X’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
United States Steel has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. United States Steel has a very high Appreciation Score of 91 but a poor Power Rating of 22, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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