United States Steel Corp. (NYSE:X) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday.

Other equities research analysts have also recently issued research reports about the stock. Rosenblatt Securities cut their price objective on shares of United States Steel Corp. from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Argus upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and upped their price target for the company from $25.49 to $30.00 in a report on Thursday, July 28th. 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 report on Wednesday, July 27th. Citigroup Inc. initiated coverage on shares of United States Steel Corp. in a report on Monday, August 22nd. They set a “buy” rating and a $27.00 price target for the company. Finally, Zacks Investment Research upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, August 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. United States Steel Corp. currently has an average rating of “Hold” and a consensus price target of $20.58.

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

United States Steel Corp. (NYSE:X) opened at 25.71 on Monday. The firm’s market capitalization is $4.43 billion. United States Steel Corp. has a one year low of $6.15 and a one year high of $27.64. The stock’s 50 day moving average is $19.23 and its 200-day moving average is $18.91.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. United States Steel Corp.’s payout ratio is -2.19%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of United States Steel Corp. during the third quarter valued at about $103,000. Advisor Group Inc. acquired a new position in shares of United States Steel Corp. during the second quarter valued at about $120,000. DekaBank Deutsche Girozentrale raised 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 raised 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 raised 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. Institutional investors own 62.09% 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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