United States Steel Corp. Surpasses Analyst Price Targets at $44.60
Recently, shares of United States Steel Corp. (Symbol: X) have risen above the average analyst 12-month target price of $41.96, trading at $44.60 per share. When a stock reaches an analyst’s target, the analyst typically has two options: either downgrade their rating based on valuation concerns or adjust the target to a more optimistic level. Reactions from analysts can also hinge on key business developments driving the stock price upward. If positive momentum is apparent, it may warrant a reevaluation of their target price.
Within the Zacks coverage universe, eight analysts contribute to the average target for United States Steel Corp. However, it’s important to note that this average is a statistical measure. Some analysts have more conservative outlooks, with one projecting a price of $37.67. Conversely, another analyst has set a target as high as $45.00, resulting in a standard deviation of $2.47 among the targets.
The aim of examining the average target price is to harness collective insight from multiple analysts, rather than relying on the view of a single expert. With X now surpassing the average target of $41.96, this could signal to investors a critical moment to reassess their positions. They must decide whether the current price is a stepping stone toward even greater targets or if the valuation is stretched enough to consider taking profits. Below is a summary of the current perspectives from analysts covering United States Steel Corp.
| Recent Analyst Ratings for United States Steel Corp. | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 6 | 6 | 6 |
| Buy ratings: | 0 | 0 | 0 | 1 |
| Hold ratings: | 4 | 3 | 3 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.89 | 1.67 | 1.67 | 1.31 |
The average rating mentioned above is based on a scale from 1 to 5, with 1 being Strong Buy and 5 being Strong Sell. This article utilizes data provided by Zacks Investment Research via Quandl.com. For further insights, access the latest Zacks research report on United States Steel Corp.—available for free.
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The views expressed herein reflect those of the author and do not necessarily align with those of Nasdaq, Inc.
