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. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.