United States Steel (NYSE:X)‘s stock had its “average” rating restated by investment analysts at TD Securities in a research report issued to clients and investors on Monday.

A number of other equities analysts have also commented on X. Credit Suisse Group dropped their price target on United States Steel from $55.00 to $48.00 in a research note on Thursday, August 23rd. TheStreet raised United States Steel from a “c” rating to a “b” rating in a research note on Thursday, August 2nd. Citigroup dropped their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 6th. Zacks Investment Research raised United States Steel from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, July 17th. Finally, Seaport Global Securities started coverage on United States Steel in a research note on Thursday, October 11th. They set a “buy” rating and a $35.00 price target for the company. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. United States Steel currently has an average rating of “Hold” and a consensus price target of $39.72.

Shares of X opened at $27.22 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.99. United States Steel has a 52 week low of $24.84 and a 52 week high of $47.64. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.64 and a beta of 2.92.

United States Steel (NYSE:X) last released its earnings results on Friday, November 2nd. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.06. United States Steel had a return on equity of 21.69% and a net margin of 5.01%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts anticipate that United States Steel will post 5.41 earnings per share for the current fiscal year.

United States Steel declared that its board has approved a stock repurchase program on Thursday, November 1st that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 6.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

In other news, CFO Kevin Bradley acquired 10,000 shares of United States Steel stock in a transaction on Wednesday, November 7th. The shares were bought at an average cost of $29.53 per share, for a total transaction of $295,300.00. Following the acquisition, the chief financial officer now directly owns 102,785 shares of the company’s stock, valued at approximately $3,035,241.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.01% of the company’s stock.

Large investors have recently made changes to their positions in the company. Advisors Preferred LLC grew its stake in United States Steel by 131.7% during the 2nd quarter. Advisors Preferred LLC now owns 3,074 shares of the basic materials company’s stock worth $107,000 after buying an additional 1,747 shares during the last quarter. Exane Derivatives grew its stake in United States Steel by 364,000.0% during the 3rd quarter. Exane Derivatives now owns 3,641 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,640 shares during the last quarter. Trustcore Financial Services LLC purchased a new position in United States Steel during the 3rd quarter worth $128,000. Truvestments Capital LLC purchased a new position in United States Steel during the 3rd quarter worth $143,000. Finally, NuWave Investment Management LLC purchased a new position in United States Steel during the 2nd quarter worth $189,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

About United States Steel

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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Analyst Recommendations for United States Steel (NYSE:X)

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