UBS Group Analysts Give United States Steel (NYSE:X) a $23.00 Price Target

UBS Group set a $23.00 price target on United States Steel (NYSE:XGet Rating) in a report published on Monday, Stock Target Advisor reports.

Several other research analysts have also recently weighed in on the company. StockNews.com upgraded United States Steel from a hold rating to a buy rating in a research note on Tuesday, May 17th. Morgan Stanley upgraded United States Steel from an underweight rating to an equal weight rating and boosted their price target for the stock from $21.00 to $31.00 in a research note on Sunday, March 6th. JPMorgan Chase & Co. decreased their price target on United States Steel from $34.00 to $28.00 and set an underweight rating for the company in a research note on Tuesday, June 14th. The Goldman Sachs Group decreased their price target on United States Steel from $36.00 to $22.00 and set a sell rating for the company in a research note on Tuesday, May 31st. Finally, BMO Capital Markets decreased their price target on United States Steel from $30.00 to $23.00 in a research note on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $30.00.

NYSE X opened at $19.07 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.90 and a debt-to-equity ratio of 0.40. United States Steel has a twelve month low of $17.98 and a twelve month high of $39.25. The firm has a market capitalization of $4.97 billion, a PE ratio of 1.10 and a beta of 2.01. The stock’s 50 day moving average is $26.72 and its 200 day moving average is $26.99.

United States Steel (NYSE:XGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The basic materials company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.05. The business had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.26 billion. United States Steel had a return on equity of 54.02% and a net margin of 23.01%. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts anticipate that United States Steel will post 10.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Monday, May 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, May 6th. United States Steel’s dividend payout ratio (DPR) is 1.16%.

In related news, SVP Duane D. Holloway sold 40,346 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $37.71, for a total value of $1,521,447.66. Following the sale, the senior vice president now directly owns 72,419 shares in the company, valued at $2,730,920.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David B. Burritt sold 43,530 shares of the business’s stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $38.00, for a total value of $1,654,140.00. Following the completion of the sale, the chief executive officer now owns 774,043 shares in the company, valued at $29,413,634. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,344 shares of company stock valued at $4,252,827. Corporate insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of United States Steel by 318.4% in the third quarter. Wellington Management Group LLP now owns 255,379 shares of the basic materials company’s stock worth $5,611,000 after buying an additional 194,346 shares during the period. Cannell & Co. purchased a new stake in shares of United States Steel in the fourth quarter worth approximately $633,000. CIBC World Markets Inc. grew its stake in United States Steel by 5.7% in the fourth quarter. CIBC World Markets Inc. now owns 116,331 shares of the basic materials company’s stock worth $2,770,000 after purchasing an additional 6,291 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in United States Steel by 5.4% in the fourth quarter. Main Street Financial Solutions LLC now owns 9,739 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 500 shares in the last quarter. Finally, South Dakota Investment Council grew its stake in United States Steel by 23.6% in the fourth quarter. South Dakota Investment Council now owns 357,310 shares of the basic materials company’s stock worth $8,508,000 after purchasing an additional 68,220 shares in the last quarter. Hedge funds and other institutional investors own 72.56% of the company’s stock.

About United States Steel (Get Rating)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, 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 iron ore and coke.

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