United States Steel (NYSE:X) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of United States Steel (NYSE:X) in a research note published on Friday morning. The firm issued a hold rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group assumed coverage on United States Steel in a report on Monday, May 20th. They set a buy rating and a $45.00 price target for the company. JPMorgan Chase & Co. cut their price objective on United States Steel from $43.00 to $40.00 and set a neutral rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley raised United States Steel from an equal weight rating to an overweight rating and cut their price objective for the stock from $51.00 to $48.00 in a research report on Monday, May 6th. 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 research report on Tuesday, April 9th. Finally, BMO Capital Markets raised United States Steel from a market perform rating to an outperform rating and boosted their price objective for the stock from $43.00 to $45.00 in a research report on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, United States Steel presently has a consensus rating of Hold and a consensus price target of $40.00.

United States Steel Trading Up 0.5 %

NYSE X opened at $40.94 on Friday. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 12.01 and a beta of 1.93. United States Steel has a 52 week low of $22.26 and a 52 week high of $50.20. The business has a 50 day moving average price of $37.88 and a 200-day moving average price of $41.09. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.22 billion. As a group, equities analysts expect that United States Steel will post 2.38 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders 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 dividend yield of 0.49%. United States Steel’s dividend payout ratio is presently 5.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in X. Byrne Asset Management LLC lifted its holdings in United States Steel by 1,140.0% during the 1st quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Pacific Capital Wealth Advisors Inc. bought a new position in United States Steel in the 4th quarter worth about $25,000. Riverview Trust Co purchased a new stake in shares of United States Steel in the 1st quarter valued at about $29,000. GAMMA Investing LLC purchased a new stake in shares of United States Steel in the 4th quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of United States Steel in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

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.