BMO Capital Keeps a Hold Rating on United States Steel (X)

By Carrie Williams

BMO Capital analyst David Gagliano reiterated a Hold rating on United States Steel (XResearch Report) yesterday and set a price target of $26. The company’s shares opened today at $18.82, close to its 52-week low of $18.62.

According to TipRanks.com, Gagliano is ranked 0 out of 5 stars with an average return of -3.8% and a 40.8% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Cloud Peak Energy Inc, Ramaco Resources Inc, and AK Steel Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United States Steel with a $29.25 average price target, implying a 55.4% upside from current levels. In a report issued on December 10, UBS also upgraded the stock to Hold with a $22 price target.

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Based on United States Steel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.74 billion and net profit of $291 million. In comparison, last year the company earned revenue of $3.25 billion and had a net profit of $147 million.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is neutral on the stock.

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products.