United States Steel Co. (NYSE:X) Receives $40.62 Average PT from Brokerages

United States Steel Co. (NYSE:X) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.62.

A number of research analysts recently commented on X shares. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. Morgan Stanley increased their price objective on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Jefferies Financial Group lowered their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research note on Monday, September 9th.

Institutional Trading of United States Steel

Hedge funds have recently modified their holdings of the stock. Scarborough Advisors LLC bought a new stake in United States Steel during the 4th quarter worth approximately $49,000. Pineridge Advisors LLC purchased a new stake in United States Steel during the 4th quarter worth about $44,000. Kapitalo Investimentos Ltda grew its holdings in United States Steel by 541.8% during the 4th quarter. Kapitalo Investimentos Ltda now owns 45,980 shares of the basic materials company’s stock valued at $2,237,000 after buying an additional 38,816 shares in the last quarter. Syquant Capital Sas bought a new stake in United States Steel during the 1st quarter worth approximately $1,989,000. Finally, Rise Advisors LLC boosted its stake in United States Steel by 31.0% during the first quarter. Rise Advisors LLC now owns 2,608 shares of the basic materials company’s stock valued at $106,000 after buying an additional 617 shares during the period. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 0.5 %

Shares of NYSE X opened at $36.42 on Friday. United States Steel has a 12 month low of $26.92 and a 12 month high of $50.20. The business has a fifty day simple moving average of $36.99 and a 200-day simple moving average of $37.93. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 16.26 and a beta of 1.87. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $4.12 billion for 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 firm’s revenue was down 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. Sell-side analysts predict that United States Steel will post 2.18 EPS for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s dividend payout ratio is presently 8.93%.

About United States Steel

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.