United States Steel Co. (NYSE:X) Receives Average Rating of “Hold” from Analysts

United States Steel Co. (NYSE:X) has received a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.13.

X has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. decreased their price target on United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. StockNews.com assumed coverage on United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $45.00 in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group assumed coverage on United States Steel in a research note on Monday, May 20th. They set a “buy” rating and a $45.00 price target for the company.

United States Steel Stock Performance

Shares of NYSE X opened at $38.56 on Friday. The business’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $40.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. United States Steel has a one year low of $30.02 and a one year high of $50.20. The company has a market capitalization of $8.67 billion, a P/E ratio of 11.31 and a beta of 1.93.

United States Steel (NYSE:X) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The business’s quarterly revenue was down 17.8% compared to the same quarter last year. Analysts anticipate that United States Steel will post 2.19 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel’s dividend payout ratio is presently 5.87%.

Hedge Funds Weigh In On United States Steel

Large investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its holdings in United States Steel by 0.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock valued at $1,016,000 after acquiring an additional 241 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in United States Steel by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 278 shares in the last quarter. Parallel Advisors LLC raised its holdings in United States Steel by 28.7% in the 4th quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 304 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in United States Steel by 18.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 313 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in United States Steel by 4.0% in the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

About United States Steel

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.