United States Steel Corp. Surpasses Analyst Target Price: Insights and Ratings
In recent trading, United States Steel Corp. (Symbol: X) shares have risen above the average analyst’s 12-month target price of $41.71, now trading at $42.43 per share. When a stock reaches this target, analysts generally have two options: they can either downgrade the stock due to valuation or adjust their target upward. The reaction from analysts may also consider the underlying business developments that are driving the stock price higher; if the outlook is positive for the company, a higher target price may be warranted.
Within the Zacks coverage universe, there are eight different analyst targets contributing to the average for United States Steel Corp. However, this average serves as a mathematical midpoint. Some analysts have lower projections, such as one targeting $37.67, while others have set their sights as high as $50.00. The standard deviation among these targets is $4.277.
The significance of examining the average price target lies in the concept of “wisdom of the crowds.” This approach aggregates insights from multiple analysts rather than relying on a single perspective. With the current share price exceeding the average target of $41.71, investors now face an important decision. They must determine whether this price is merely a stepping stone to an even higher target or if the valuation has been stretched, prompting a reassessment of their positions. Below is a table displaying the current analyst ratings for United States Steel Corp.:
| Recent X Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 5 | 6 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 4 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.11 | 1.89 | 1.67 | 1.67 |
The average rating shown in the last row of the table ranges from 1 to 5, where 1 equals Strong Buy and 5 equates to Strong Sell. This article has utilized data provided by Zacks Investment Research through Quandl.com.
The views expressed herein are solely those of the author and do not reflect the opinions of any other entity.
