United States Steel Co. (NYSE:X) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of United States Steel Co. (NYSE:X) have earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with 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 $37.89.

A number of research analysts recently commented on X shares. JPMorgan Chase & Co. started coverage on United States Steel in a report on Friday, January 12th. They issued a “neutral” rating and a $52.00 price target on the stock. Morgan Stanley cut United States Steel from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. BMO Capital Markets decreased their price objective on United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, March 19th. StockNews.com started coverage on United States Steel in a report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a report on Tuesday, April 9th.

Hedge Funds Weigh In On United States Steel

Several hedge funds have recently bought and sold shares of the business. State of Michigan Retirement System grew its position in United States Steel by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 54,899 shares of the basic materials company’s stock valued at $2,239,000 after acquiring an additional 1,400 shares during the last quarter. Diversified Trust Co grew its position in shares of United States Steel by 4.0% during the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock worth $341,000 after buying an additional 324 shares in the last quarter. Cannon Global Investment Management LLC bought a new position in shares of United States Steel during the 1st quarter worth $2,055,000. Atlas Capital Advisors LLC grew its position in shares of United States Steel by 178.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 8,516 shares of the basic materials company’s stock worth $347,000 after buying an additional 5,461 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of United States Steel during the 1st quarter worth $29,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 0.8 %

United States Steel stock opened at $38.63 on Friday. The business has a 50-day simple moving average of $43.25 and a two-hundred day simple moving average of $41.17. The company has a market cap of $8.68 billion, a P/E ratio of 11.01 and a beta of 2.00. United States Steel has a 52-week low of $20.40 and a 52-week high of $50.20. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. Analysts predict that United States Steel will post 3.18 EPS for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s dividend payout ratio (DPR) is presently 5.70%.

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.