Analysts Set U.S. Steel (X) Price Target at $43.35
Shares of U.S. Steel (NYSE:X) have been given a consensus recommendation of “Hold” by the twenty-two analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.26.
A number of equities research analysts have recently commented on X shares. Citigroup upgraded shares of U.S. Steel from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.55 to $47.64 in a report on Monday, April 2nd. Bank of America downgraded shares of U.S. Steel from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Friday, March 2nd. ValuEngine upgraded shares of U.S. Steel from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Longbow Research upgraded shares of U.S. Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Argus restated a “buy” rating and set a $52.00 price objective (up previously from $41.00) on shares of U.S. Steel in a research report on Wednesday, February 21st.
Shares of NYSE:X traded up $0.61 during trading on Thursday, reaching $36.36. 4,901,873 shares of the stock traded hands, compared to its average volume of 13,380,591. U.S. Steel has a 52-week low of $18.55 and a 52-week high of $47.64. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6,245.61, a price-to-earnings ratio of 18.67, a PEG ratio of 0.89 and a beta of 2.97.
In other U.S. Steel news, CEO David B. Burritt sold 36,072 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the transaction, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christine S. Breves sold 11,853 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $38.47, for a total transaction of $455,984.91. The disclosure for this sale can be found here. Insiders sold 107,959 shares of company stock worth $4,465,141 over the last quarter. Insiders own 1.01% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Banco de Sabadell S.A bought a new stake in shares of U.S. Steel during the 4th quarter valued at $100,000. We Are One Seven LLC purchased a new position in U.S. Steel during the fourth quarter valued at $132,000. CoreCommodity Management LLC purchased a new position in U.S. Steel during the fourth quarter valued at $152,000. US Bancorp DE grew its stake in U.S. Steel by 81.2% during the fourth quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in U.S. Steel during the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 68.29% of the company’s stock.
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U.S. Steel Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
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