U.S. Steel Puts to Bed the 'Steelmageddon' Thesis

U.S. Steel Puts to Bed the 'Steelmageddon' Thesis
Roland Weihrauch/dpa via AP

U.S. Steel recently reported record third quarter results with net earnings of $2.0 billion, or $6.97 per diluted share, with $6 billion in revenue. For the nine months ended September 2021, revenue increased 105% to $14.7 billion. U.S. Steel ended the quarter with cash of $2 billion. 

While more than ten analysts cover the stock, Curt Woodworth, Credit Suisse, is the most bullish with an Outperform Buy Rating and target price of $49.00. The consensus price target is $33.00.

 

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