United States Steel Corporation (X) Receives Consensus Rating of “Hold” from Brokerages
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%.
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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).
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