Nomura raised their target price on shares of United States Steel (NYSE:X) from $32.00 to $40.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Nomura’s price objective indicates a potential upside of 21.10% from the company’s current price.
X has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of United States Steel from $31.00 to $35.00 in a research note on Thursday. Finally, analysts at S&P Equity Research downgraded shares of United States Steel to a “sell” rating in a research note on Tuesday, June 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.54.
Shares of United States Steel (NYSE:X) traded up 1.27% on Thursday, hitting $33.45. The stock had a trading volume of 4,780,495 shares. United States Steel has a 52 week low of $16.86 and a 52 week high of $33.45. The stock has a 50-day moving average of $26.41 and a 200-day moving average of $25.93. The company’s market cap is $4.846 billion. United States Steel also saw some unusual options trading on Wednesday. Stock traders acquired 67,224 call options on the stock. This is an increase of approximately 369% compared to the typical daily volume of 14,345 call options.
United States Steel (NYSE:X) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.44. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the company posted ($0.35) earnings per share. United States Steel’s revenue was down .7% compared to the same quarter last year. Analysts expect that United States Steel will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, August 11th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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