United States Steel Co. (NYSE:X) Receives $39.94 Average Target Price from Brokerages

United States Steel Co. (NYSE:X) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $39.94.

Several analysts have weighed in on X shares. BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley raised their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $38.00 price target (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, Jefferies Financial Group dropped their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after buying an additional 277 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of United States Steel by 643.8% in the first quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 515 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new position in United States Steel during the fourth quarter valued at approximately $30,000. Finally, HM Payson & Co. boosted its holdings in United States Steel by 57.2% in the first quarter. HM Payson & Co. now owns 706 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

NYSE:X opened at $44.07 on Wednesday. United States Steel has a twelve month low of $26.92 and a twelve month high of $46.18. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.98 billion, a P/E ratio of 29.58, a PEG ratio of 1.53 and a beta of 1.79. The business’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $38.30.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the firm earned $0.82 EPS. United States Steel’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, equities analysts predict that United States Steel will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. United States Steel’s payout ratio is 13.42%.

About United States Steel

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.