Stock analysts at Deutsche Bank assumed coverage on shares of United States Steel (NYSE:X) in a research note issued on Thursday, Stock Target Advisor reports. The firm set a “buy” rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group cut their price target on shares of United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, September 19th. JPMorgan Chase & Co. cut shares of United States Steel from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $14.00 in a research note on Monday, September 23rd. Cfra lowered shares of United States Steel from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. ValuEngine raised shares of United States Steel from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, BNP Paribas started coverage on shares of United States Steel in a research note on Thursday, November 14th. They issued a “sell” rating and a $10.50 target price for the company. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.83.

Shares of NYSE:X opened at $13.94 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. The business’s fifty day moving average price is $12.75 and its two-hundred day moving average price is $12.88. United States Steel has a fifty-two week low of $9.93 and a fifty-two week high of $24.74. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 2.60, a price-to-earnings-growth ratio of 35.14 and a beta of 3.12.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.08. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $1.79 earnings per share. The business’s revenue was down 17.7% on a year-over-year basis. Research analysts expect that United States Steel will post 0.07 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Howe & Rusling Inc. bought a new position in United States Steel in the 3rd quarter valued at $29,000. NEXT Financial Group Inc lifted its stake in shares of United States Steel by 139.8% during the second quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,838 shares during the period. Quadrant Capital Group LLC boosted its holdings in United States Steel by 92.1% in the third quarter. Quadrant Capital Group LLC now owns 4,156 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,993 shares during the last quarter. Rational Advisors LLC boosted its holdings in United States Steel by 178.5% in the second quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 2,743 shares during the last quarter. Finally, CenterStar Asset Management LLC acquired a new stake in United States Steel in the second quarter worth about $77,000. Hedge funds and other institutional investors own 70.48% 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: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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Analyst Recommendations for United States Steel (NYSE:X)

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