United States Steel Corp. (NYSE:X) was upgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $24.00 target price on the stock. Deutsche Bank AG’s target price points to a potential downside of 2.68% from the company’s previous close.

Several other analysts have also recently commented on X. Barclays PLC reaffirmed an “equal weight” rating and issued a $16.00 target price (up previously from $15.00) on shares of United States Steel Corp. in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $29.00 price objective on United States Steel Corp. and gave the company a “buy” rating in a research report on Wednesday, July 27th. Bank of America Corp. cut United States Steel Corp. from a “neutral” rating to an “underperform” rating and set a $21.00 price objective for the company. in a research report on Thursday, July 28th. Argus raised United States Steel Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $25.49 to $30.00 in a research report on Thursday, July 28th. Finally, Credit Agricole SA reissued a “sell” rating and set a $17.00 price objective (up previously from $10.00) on shares of United States Steel Corp. in a research report on Thursday, July 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. United States Steel Corp. currently has a consensus rating of “Hold” and an average price target of $20.23.

Analyst Recommendations for United States Steel Corp. (NYSE:X)

United States Steel Corp. (NYSE:X) opened at 24.66 on Wednesday. The stock’s market cap is $4.25 billion. United States Steel Corp. has a one year low of $6.15 and a one year high of $27.64. The company has a 50-day moving average price of $19.02 and a 200-day moving average price of $18.85.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 8th. United States Steel Corp.’s payout ratio is -2.19%.

Large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in United States Steel Corp. during the third quarter worth $103,000. Advisor Group Inc. acquired a new position in shares of United States Steel Corp. during the second quarter valued at approximately $120,000. DekaBank Deutsche Girozentrale increased its position in shares of United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of United States Steel Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 9,700 shares of the company’s stock valued at $156,000 after buying an additional 3,100 shares during the last quarter. 61.10% of the stock is currently owned by institutional investors.

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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