United States Steel Co. (NYSE:X) Receives Average Rating of “Buy” from Analysts

by · The Cerbat Gem

Shares of United States Steel Co. (NYSE:X – Get Free Report) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.37.

A number of research firms have recently issued reports on X. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group cut their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 9th.

Check Out Our Latest Analysis on United States Steel

United States Steel Price Performance

Shares of NYSE:X opened at $31.03 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 20.41 and a beta of 1.83. The business has a 50-day simple moving average of $37.13 and a two-hundred day simple moving average of $37.46. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $48.85.

United States Steel (NYSE:X – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. On average, analysts expect that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new stake in United States Steel in the second quarter valued at $26,000. Palouse Capital Management Inc. acquired a new stake in shares of United States Steel during the 3rd quarter worth about $35,000. Gladius Capital Management LP acquired a new stake in shares of United States Steel during the 3rd quarter worth about $39,000. Ashton Thomas Private Wealth LLC purchased a new stake in United States Steel in the 2nd quarter valued at about $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in United States Steel in the third quarter valued at about $59,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

About United States Steel

(Get Free Report

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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