United States Steel’s (X) Average Rating Reaffirmed at TD Securities

TD Securities restated their average rating on shares of United States Steel (NYSE:X) in a research note issued to investors on Monday morning.

A number of other equities research analysts have also recently issued reports on X. BMO Capital Markets lowered their target price on shares of United States Steel from $36.00 to $33.00 and set a market perform rating on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. Credit Suisse Group lowered their target price on shares of United States Steel from $55.00 to $48.00 in a report on Thursday, August 23rd. TheStreet raised shares of United States Steel from a c rating to a b rating in a report on Thursday, August 2nd. ValuEngine cut shares of United States Steel from a hold rating to a sell rating in a report on Tuesday, October 2nd. Finally, Seaport Global Securities began coverage on shares of United States Steel in a report on Thursday, October 11th. They set a buy rating and a $35.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $39.72.

NYSE:X opened at $27.55 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.82 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.63 and a beta of 2.92. United States Steel has a 12 month low of $24.84 and a 12 month high of $47.64.



United States Steel (NYSE:X) last posted its quarterly earnings results on Friday, November 2nd. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.06. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.67 billion. United States Steel had a net margin of 5.01% and a return on equity of 21.69%. United States Steel’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts expect that United States Steel will post 5.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be issued a $0.05 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. United States Steel’s payout ratio is currently 10.31%.

United States Steel declared that its board has authorized a stock repurchase program on Thursday, November 1st that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 6.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other news, CFO Kevin Bradley purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average price of $29.53 per share, with a total value of $295,300.00. Following the completion of the acquisition, the chief financial officer now owns 102,785 shares in the company, valued at approximately $3,035,241.05. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.01% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in X. Koshinski Asset Management Inc. purchased a new position in United States Steel in the third quarter worth $257,000. AQR Capital Management LLC grew its position in United States Steel by 0.3% in the third quarter. AQR Capital Management LLC now owns 980,382 shares of the basic materials company’s stock worth $29,882,000 after acquiring an additional 3,132 shares in the last quarter. Macquarie Group Ltd. grew its position in United States Steel by 252.8% in the third quarter. Macquarie Group Ltd. now owns 6,350 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 4,550 shares in the last quarter. HRT Financial LLC grew its position in United States Steel by 212.4% in the third quarter. HRT Financial LLC now owns 31,650 shares of the basic materials company’s stock worth $964,000 after acquiring an additional 21,519 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in United States Steel in the third quarter worth $325,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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: 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.

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Analyst Recommendations for United States Steel (NYSE:X)

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