An issue of United States Steel Corp. (NYSE:X) bonds fell 0.8% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 8.375% coupon and will mature on July 1, 2021. The bonds in the issue are now trading at $107.50 and were trading at $109.86 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

X has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Vetr lowered shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.01 target price on the stock. in a report on Monday, July 11th. KeyCorp lowered shares of United States Steel Corp. from a “sector weight” rating to an “underweight” rating and decreased their target price for the company from $21.81 to $18.00 in a report on Friday, August 19th. Jefferies Group set a $18.00 target price on shares of United States Steel Corp. and gave the company a “hold” rating in a report on Thursday, September 15th. Finally, Argus upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $25.49 to $30.00 in a report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. United States Steel Corp. currently has an average rating of “Hold” and a consensus price target of $19.84.

United States Steel Corp. (NYSE:X) opened at 16.42 on Friday. United States Steel Corp. has a one year low of $6.15 and a one year high of $27.64. The stock has a 50 day moving average of $18.11 and a 200 day moving average of $18.58. The firm’s market cap is $2.41 billion.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new position in United States Steel Corp. during the first quarter valued at approximately $877,000. Legal & General Group Plc raised its position in United States Steel Corp. by 38.6% in the first quarter. Legal & General Group Plc now owns 299,036 shares of the company’s stock valued at $4,811,000 after buying an additional 83,297 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in United States Steel Corp. during the first quarter valued at approximately $41,730,000. Wellington Management Group LLP acquired a new position in United States Steel Corp. during the first quarter valued at approximately $14,903,000. Finally, Geode Capital Management LLC raised its position in United States Steel Corp. by 8.7% in the first quarter. Geode Capital Management LLC now owns 917,525 shares of the company’s stock valued at $14,725,000 after buying an additional 73,053 shares during the last quarter. Hedge funds and other institutional investors 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

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