United States Steel Corp. (NYSE:X) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $29.00 to $37.00 in a report released on Wednesday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.41% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Macquarie restated an “underperform” rating on shares of United States Steel Corp. in a research note on Wednesday. Argus lowered United States Steel Corp. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $33.78 to $6.15 in a research note on Tuesday. TheStreet upgraded United States Steel Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 25th. Rosenblatt Securities lowered United States Steel Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. They noted that the move was a valuation call. Finally, Vetr lowered United States Steel Corp. from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, November 21st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.74.

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

Shares of United States Steel Corp. (NYSE:X) traded up 3.79% during mid-day trading on Wednesday, reaching $32.34. 18,468,673 shares of the company were exchanged. The company’s 50 day moving average price is $22.55 and its 200 day moving average price is $19.81. The firm’s market capitalization is $5.58 billion. United States Steel Corp. has a 12 month low of $6.15 and a 12 month high of $33.78.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders 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 0.62%. The ex-dividend date of this dividend is Tuesday, November 8th. United States Steel Corp.’s dividend payout ratio (DPR) is presently -2.19%.

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In other news, VP David B. Burritt sold 51,791 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $32.56, for a total transaction of $1,686,314.96. Following the transaction, the vice president now owns 135,672 shares of the company’s stock, valued at approximately $4,417,480.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP David J. Rintoul sold 18,330 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $28.19, for a total transaction of $516,722.70. Following the transaction, the vice president now directly owns 61,957 shares in the company, valued at approximately $1,746,567.83. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in X. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in United States Steel Corp. during the third quarter worth approximately $103,000. D.A. Davidson & CO. boosted its position in United States Steel Corp. by 65.1% in the third quarter. D.A. Davidson & CO. now owns 5,550 shares of the company’s stock worth $104,000 after buying an additional 2,188 shares during the last quarter. Advisor Group Inc. bought a new position in United States Steel Corp. during the second quarter worth approximately $120,000. DekaBank Deutsche Girozentrale boosted its position in United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock worth $133,000 after buying an additional 3,160 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in 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 worth $148,000 after buying an additional 3,675 shares during the last quarter. 76.89% of the stock is currently owned by hedge funds and other 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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