U.S. Steel: S&P Intraday Gainer

NEW YORK ( TheStreet) -- U.S. Steel ( X) was the best-performing stock in the S&P 500 Monday morning.

The S&P increased 0.81 points, or 0.06%, to 1,404.98.

Shares of U.S. Steel rose 4.74% to $31.16. Steel Market Intelligence's Michelle Applebaum told Bloomberg she attributes the price rise to "a number of announced price increases which are 'forward looking'."

U.S. Steel has an estimated price-to-earnings ratio for next year of 8.69 times; the average for iron and steel companies is 9.37. For comparison, Steel Dynamics ( STLD) has a lower forward P/E of 8.32; Nucor's ( NUE) forward P/E is 10.98.

Ten of the 20 analysts who cover U.S. Steel rated it hold. Six analysts gave the stock a buy rating and four rated it sell.

TheStreet Ratings gives U.S. Steel a D+ grade and sell rating. The stock has risen 17.8% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies

60 Seconds: What Are the Bank Stress Tests?

60 Seconds: What Are the Bank Stress Tests?

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials