United States Steel Co. (NYSE:X) Receives $41.07 Average PT from Analysts

Shares of United States Steel Co. (NYSE:X) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.07.

A number of brokerages have recently issued reports on X. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. JPMorgan Chase & Co. cut their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, BMO Capital Markets lowered their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th.

Institutional Investors Weigh In On United States Steel

Several institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of United States Steel in the 4th quarter valued at $30,000. Palouse Capital Management Inc. acquired a new position in shares of United States Steel in the third quarter valued at about $35,000. Gladius Capital Management LP purchased a new position in shares of United States Steel in the third quarter worth about $39,000. GAMMA Investing LLC lifted its holdings in shares of United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in United States Steel in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Up 0.9 %

NYSE X opened at $37.43 on Monday. The stock has a 50 day moving average price of $35.48 and a 200-day moving average price of $37.10. United States Steel has a one year low of $26.92 and a one year high of $48.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The company has a market capitalization of $8.43 billion, a P/E ratio of 24.62 and a beta of 1.88.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. As a group, equities analysts predict that United States Steel will post 1.78 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. United States Steel’s dividend payout ratio is presently 13.16%.

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.