United States Steel Corp. (NYSE:X) was upgraded by research analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $30.00 price objective on the stock. Vetr‘s price objective suggests a potential upside of 16.69% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. KeyCorp cut United States Steel Corp. from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $21.81 to $18.00 in a report on Friday, August 19th. Jefferies Group set a $18.00 price objective on United States Steel Corp. and gave the company a “hold” rating in a report on Thursday, September 15th. 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 report on Thursday, July 28th. Finally, Rosenblatt Securities dropped their price objective on United States Steel Corp. from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average 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 stock’s 50 day moving average price is $19.23 and its 200 day moving average price is $18.91. United States Steel Corp. has a 52 week low of $6.15 and a 52 week high of $27.64. The firm’s market cap is $4.43 billion.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kessler Investment Group LLC purchased a new position in United States Steel Corp. during the second quarter worth $1,918,000. Creative Planning increased its position in United States Steel Corp. by 32.3% in the second quarter. Creative Planning now owns 516,100 shares of the company’s stock worth $8,701,000 after buying an additional 125,908 shares during the period. BNP Paribas Arbitrage SA increased its position in United States Steel Corp. by 377.0% in the second quarter. BNP Paribas Arbitrage SA now owns 276,342 shares of the company’s stock worth $4,659,000 after buying an additional 218,408 shares during the period. LPL Financial LLC increased its position in United States Steel Corp. by 13.0% in the first quarter. LPL Financial LLC now owns 199,515 shares of the company’s stock worth $3,240,000 after buying an additional 22,954 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in United States Steel Corp. during the first quarter worth $184,000. 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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