Shares of United States Steel Co. (NYSE:X) have been assigned an average recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.31.

A number of research firms have recently issued reports on X. TD Securities restated an “average” rating on shares of United States Steel in a research note on Monday, November 12th. Credit Suisse Group cut shares of United States Steel from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 8th. Argus dropped their target price on shares of United States Steel from $30.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, February 1st. They noted that the move was a valuation call. TheStreet cut shares of United States Steel from a “b-” rating to a “c+” rating in a research report on Tuesday, January 8th. Finally, Citigroup cut shares of United States Steel from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $23.00 in a research report on Wednesday, January 9th.

Shares of X traded up $0.22 during midday trading on Wednesday, reaching $22.17. The stock had a trading volume of 137,271 shares, compared to its average volume of 11,155,423. United States Steel has a one year low of $17.08 and a one year high of $47.64. The company has a market cap of $3.89 billion, a PE ratio of 4.13, a price-to-earnings-growth ratio of 0.97 and a beta of 2.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.51 and a quick ratio of 0.86.

United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, January 30th. The basic materials company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.01). United States Steel had a net margin of 7.86% and a return on equity of 25.39%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business earned $0.76 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Analysts expect that United States Steel will post 2.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, February 12th. United States Steel’s payout ratio is presently 3.73%.

United States Steel announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 1st that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 6.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, CFO Kevin Bradley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average cost of $20.33 per share, with a total value of $203,300.00. Following the acquisition, the chief financial officer now owns 112,830 shares of the company’s stock, valued at approximately $2,293,833.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James E. Bruno sold 12,000 shares of United States Steel stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $25.75, for a total transaction of $309,000.00. Following the sale, the vice president now directly owns 54,137 shares in the company, valued at $1,394,027.75. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Pelham Capital Ltd. grew its holdings in United States Steel by 120.0% during the 3rd quarter. Pelham Capital Ltd. now owns 3,190,105 shares of the basic materials company’s stock worth $97,234,000 after acquiring an additional 1,740,105 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of United States Steel by 1,747.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,290,225 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 1,220,388 shares during the period. Luminus Management LLC lifted its position in shares of United States Steel by 34.2% in the 3rd quarter. Luminus Management LLC now owns 3,342,501 shares of the basic materials company’s stock worth $101,879,000 after purchasing an additional 851,000 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of United States Steel in the 4th quarter worth approximately $14,683,000. Finally, BlackRock Inc. lifted its position in shares of United States Steel by 4.3% in the 3rd quarter. BlackRock Inc. now owns 15,829,392 shares of the basic materials company’s stock worth $482,480,000 after purchasing an additional 654,678 shares during the period. 65.11% of the stock is currently owned by institutional investors.

United States 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.

Further Reading: Current Ratio

Analyst Recommendations for United States Steel (NYSE:X)

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