United States Steel Co. (NYSE:X) Receives $39.76 Consensus PT from Brokerages

Shares of United States Steel Co. (NYSE:X) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.76.

Several analysts have issued reports on X shares. StockNews.com began coverage on United States Steel in a research note on Monday, August 19th. They issued a “hold” rating on the stock. BMO Capital Markets upgraded shares of United States Steel from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $45.00 in a research report on Wednesday, June 26th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research note on Monday, September 9th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $42.00 in a report on Monday, September 9th.

United States Steel Price Performance

Shares of NYSE:X opened at $38.07 on Tuesday. The company has a market capitalization of $8.56 billion, a P/E ratio of 11.16 and a beta of 1.88. The company’s 50-day moving average is $38.09 and its 200 day moving average is $38.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.72. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $50.20.

United States Steel (NYSE:X) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The company’s revenue was down 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. On average, equities research analysts forecast that United States Steel will post 2.15 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. United States Steel’s payout ratio is currently 5.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gabelli Funds LLC raised its position in United States Steel by 436.4% during the fourth quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock valued at $10,426,000 after purchasing an additional 174,350 shares in the last quarter. Third Point LLC lifted its position in United States Steel by 15.8% in the 4th quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock worth $267,575,000 after buying an additional 750,000 shares during the last quarter. Weiss Asset Management LP bought a new stake in United States Steel in the 4th quarter worth approximately $6,408,000. Janus Henderson Group PLC boosted its stake in United States Steel by 94.3% in the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock worth $8,601,000 after buying an additional 102,450 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in United States Steel during the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.