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.

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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.

U.S. Steel (NYSE:X) last posted its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. U.S. Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. sell-side analysts anticipate that U.S. Steel will post 4.99 earnings per share for the current year.

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.

Analyst Recommendations for U.S. Steel (NYSE:X)

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