United States Steel Corporation (NYSE:X)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued on Thursday. They currently have a $32.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 20.26% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Credit Suisse Group upgraded shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $13.68 to $30.00 in a research report on Wednesday, May 24th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Argus boosted their price target on shares of United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research report on Friday, July 28th. J P Morgan Chase & Co restated an “overweight” rating on shares of United States Steel Corporation in a research report on Wednesday, June 7th. Finally, Longbow Research upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.17.

Shares of United States Steel Corporation (NYSE:X) traded down 0.89% on Thursday, reaching $26.61. 10,980,750 shares of the company traded hands. The company has a 50-day moving average of $23.70 and a 200-day moving average of $27.18. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 168.42 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned ($0.32) earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Analysts anticipate that United States Steel Corporation will post $1.78 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “United States Steel Corporation (X) Rating Reiterated by Jefferies Group LLC” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/31/united-states-steel-corporation-x-rating-reiterated-by-jefferies-group-llc.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of X. WFG Advisors LP boosted its position in United States Steel Corporation by 84.3% in the second quarter. WFG Advisors LP now owns 20,400 shares of the basic materials company’s stock valued at $452,000 after buying an additional 9,333 shares during the period. Toronto Dominion Bank purchased a new position in United States Steel Corporation during the second quarter valued at approximately $294,000. Advisory Services Network LLC boosted its position in United States Steel Corporation by 21.5% in the second quarter. Advisory Services Network LLC now owns 22,050 shares of the basic materials company’s stock valued at $488,000 after buying an additional 3,900 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in United States Steel Corporation by 135.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,600 shares of the basic materials company’s stock valued at $323,000 after buying an additional 8,400 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in United States Steel Corporation by 12.2% in the second quarter. Public Employees Retirement System of Ohio now owns 74,283 shares of the basic materials company’s stock valued at $1,645,000 after buying an additional 8,077 shares during the period. Institutional investors own 63.37% of the company’s stock.

United States Steel Corporation Company Profile

United States Steel Corporation 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).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

Receive News & Stock Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related stocks with our FREE daily email newsletter.