The potential transaction values the American steel maker at $55 a share, far above where shares currently trade.

Turning to Wall Street, analysts have a Moderate Buy consensus rating on X stock based on two Buys and four Holds assigned in the past three months, as indicated by the graphic below. After a 3.42% rally in its share price over the past year, the average X price target of $42.60 per share implies 0.66% upside potential.

Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion