An issue of United States Steel Corp. (NYSE:X) bonds fell 2.8% against their face value during trading on Thursday. The high-yield debt issue has a 7.5% coupon and is set to mature on March 15, 2022. The debt is now trading at $97.75 and was trading at $99.75 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.

A number of brokerages have weighed in on X. Credit Suisse Group AG set a $29.00 price target on shares of United States Steel Corp. and gave the company a “buy” rating in a research note on Saturday, October 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of United States Steel Corp. in a research note on Monday, September 26th. Jefferies Group set a $18.00 price target on shares of United States Steel Corp. and gave the company a “hold” rating in a research note on Thursday, September 15th. Zacks Investment Research lowered shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Vetr raised shares of United States Steel Corp. from a “buy” rating to a “strong-buy” rating and set a $21.99 price target on the stock in a research note on Tuesday, August 30th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.84.

Shares of United States Steel Corp. (NYSE:X) opened at 16.45 on Friday. United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $27.64. The company’s market cap is $2.41 billion. The stock has a 50 day moving average of $18.22 and a 200-day moving average of $18.58.

United States Steel Corp. (NYSE:X) last issued its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.18. United States Steel Corp. had a negative return on equity of 20.96% and a negative net margin of 15.09%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business earned ($0.79) EPS. United States Steel Corp.’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities analysts forecast that United States Steel Corp. will post $3.26 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. boosted its position in shares of United States Steel Corp. by 2.4% in the third quarter. Capstone Asset Management Co. now owns 31,911 shares of the company’s stock valued at $602,000 after buying an additional 750 shares during the period. Mason Street Advisors LLC bought a new position in shares of United States Steel Corp. during the second quarter valued at $1,126,000. IFP Advisors Inc boosted its position in shares of United States Steel Corp. by 10.1% in the second quarter. IFP Advisors Inc now owns 11,996 shares of the company’s stock valued at $202,000 after buying an additional 1,101 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of United States Steel Corp. by 66.7% in the second quarter. Public Employees Retirement System of Ohio now owns 50,187 shares of the company’s stock valued at $846,000 after buying an additional 20,083 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of United States Steel Corp. by 18.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 496,619 shares of the company’s stock valued at $8,373,000 after buying an additional 78,798 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.

United States Steel Corp. Company Profile

United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

5 Day Chart for NYSE:X

Receive News & Stock Ratings for United States Steel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corp. and related stocks with our FREE daily email newsletter.