Brokerages Set United States Steel Co. (NYSE:X) PT at $38.78

Shares of United States Steel Co. (NYSE:X) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.78.

A number of equities analysts have recently issued reports on X shares. Morgan Stanley upgraded shares of United States Steel from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $51.00 to $48.00 in a research note on Monday, May 6th. StockNews.com started coverage on shares of United States Steel in a research note on Sunday. They set a “hold” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of United States Steel from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. BMO Capital Markets decreased their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group started coverage on shares of United States Steel in a research report on Monday, May 20th. They set a “buy” rating and a $45.00 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Third Point LLC increased its holdings in United States Steel by 15.8% in the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock valued at $267,575,000 after buying an additional 750,000 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in United States Steel by 11.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,513,531 shares of the basic materials company’s stock valued at $219,583,000 after buying an additional 447,186 shares in the last quarter. KGH Ltd increased its holdings in United States Steel by 7.5% in the third quarter. KGH Ltd now owns 4,488,769 shares of the basic materials company’s stock valued at $145,795,000 after buying an additional 315,000 shares in the last quarter. Norges Bank purchased a new position in United States Steel in the fourth quarter valued at $200,952,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in United States Steel by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,498,737 shares of the basic materials company’s stock valued at $121,564,000 after buying an additional 94,080 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Stock Down 0.8 %

Shares of NYSE X opened at $36.46 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel has a 12-month low of $22.26 and a 12-month high of $50.20. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 10.69 and a beta of 1.99. The firm’s 50-day moving average price is $38.03 and its 200-day moving average price is $42.27.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.22 billion. On average, equities research analysts anticipate that United States Steel will post 2.72 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. United States Steel’s dividend payout ratio is presently 5.87%.

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.