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Morgan Stanley Stick to Their Hold Rating for United States Steel

Feb 17, 2021 11:30AM ET
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Morgan Stanley (NYSE:MS) analyst Carlos De Alba maintained a Hold rating on United States Steel (NYSE:X) on Wednesday, setting a price target of $18, which is approximately 2.60% below the present share price of $18.48.

De Alba expects United States Steel to post earnings per share (EPS) of $0.22 for the first quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in United States Steel, with an average price target of $19.38.
The analysts price targets range from a high of $28 to a low of $8.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.56 billion and a net profit of -$59 million. The company's market cap is $4.85 billion.

According to TipRanks.com, Morgan Stanley analyst Carlos De Alba is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 26.5% and a 65.85% success rate.

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.

Morgan Stanley Stick to Their Hold Rating for United States Steel
 

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Comments (1)
George Jetson
George Jetson Feb 20, 2021 7:05AM ET
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it's not like they can set the rating to 30 after what they have done for "$x". sec will be all over their asses. keep at 18 and "omg, it went to 48" 😶💎🙏
 
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