J.P. Morgan Remains a Hold on United States Steel (X)
J.P. Morgan analyst Bill Peterson maintained a Hold rating on United States Steel (X – Research Report) today and set a price target of $55.00. The company’s shares closed last Friday at $53.40.
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According to TipRanks, Peterson is an analyst with an average return of -7.6% and a 37.99% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as United States Steel, Steel Dynamics, and Nucor.
Currently, the analyst consensus on United States Steel is a Hold with an average price target of $49.25, representing a -7.77% downside. In a report released on May 26, Jefferies also downgraded the stock to a Hold with a $55.00 price target.
X market cap is currently $12.09B and has a P/E ratio of 181.26.
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