Analysts Set United States Steel Corporation (NYSE:X) Target Price at $43.80

Shares of United States Steel Corporation (NYSE:X) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.80.

Several brokerages recently weighed in on X. Glj Research cut shares of United States Steel from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 30th. Morgan Stanley boosted their price objective on shares of United States Steel from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. BMO Capital Markets reiterated a “market perform” rating and set a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. JPMorgan Chase & Co. upped their price target on shares of United States Steel from $39.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, June 2nd. Finally, Wolfe Research restated a “peer perform” rating on shares of United States Steel in a report on Tuesday, May 27th.

Hedge Funds Weigh In On United States Steel

Institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in United States Steel during the fourth quarter worth approximately $2,107,000. Raymond James Financial Inc. acquired a new position in shares of United States Steel in the 4th quarter valued at approximately $2,844,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United States Steel by 15.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,133 shares of the basic materials company’s stock valued at $2,486,000 after purchasing an additional 9,711 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $351,000. Finally, Avantax Advisory Services Inc. increased its position in United States Steel by 6.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,250 shares of the basic materials company’s stock worth $518,000 after buying an additional 914 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Up 0.2%

Shares of United States Steel stock opened at $54.97 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 0.75. The company has a 50-day moving average of $51.50 and a 200 day moving average of $43.28. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 189.56, a PEG ratio of 2.21 and a beta of 1.87. United States Steel has a 1 year low of $26.92 and a 1 year high of $54.91.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). United States Steel had a return on equity of 1.69% and a net margin of 0.64%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.36%. United States Steel’s dividend payout ratio (DPR) is currently 68.97%.

United States Steel Company Profile

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.