Shares of United States Steel Corporation (NYSE:X) have been assigned a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.07.

A number of equities research analysts have commented on X shares. Morgan Stanley reissued an “overweight” rating on shares of United States Steel Corporation in a report on Friday, July 21st. Axiom Securities reissued a “sell” rating on shares of United States Steel Corporation in a report on Tuesday, July 25th. Credit Suisse Group reissued an “outperform” rating and set a $34.00 price target (up from $29.00) on shares of United States Steel Corporation in a report on Wednesday, July 26th. Longbow Research reissued a “neutral” rating and set a $30.00 price target on shares of United States Steel Corporation in a report on Wednesday, July 26th. Finally, Cowen and Company raised their price target on United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, July 27th.

In other news, Director Murry Gerber acquired 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the completion of the purchase, the director now directly owns 168,457 shares in the company, valued at $4,529,808.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eugene Sperling acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the purchase, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 64,597 shares of company stock valued at $1,764,452. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in X. FMR LLC bought a new stake in United States Steel Corporation in the first quarter worth about $9,639,000. Capstone Asset Management Co. raised its stake in shares of United States Steel Corporation by 3.6% during the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock valued at $340,000 after acquiring an additional 540 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of United States Steel Corporation by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 63,108 shares of the basic materials company’s stock valued at $1,397,000 after acquiring an additional 2,662 shares in the last quarter. P.R. Herzig & Co. Inc. bought a new stake in shares of United States Steel Corporation during the second quarter valued at approximately $292,000. Finally, LS Investment Advisors LLC raised its stake in shares of United States Steel Corporation by 16.6% during the second quarter. LS Investment Advisors LLC now owns 13,660 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 1,948 shares in the last quarter. 66.28% of the stock is owned by institutional investors and hedge funds.

United States Steel Corporation (NYSE X) traded up $0.15 during trading hours on Monday, reaching $27.28. The company’s stock had a trading volume of 7,301,780 shares, compared to its average volume of 16,920,193. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $4,750.00, a PE ratio of 18.65 and a beta of 2.96. United States Steel Corporation has a twelve month low of $18.55 and a twelve month high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel Corporation had a return on equity of 10.27% and a net margin of 1.05%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. research analysts forecast that United States Steel Corporation will post 1.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.73%. United States Steel Corporation’s dividend payout ratio is currently 29.41%.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/18/united-states-steel-corporation-x-receives-consensus-rating-of-hold-from-brokerages.html.

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.