United States Steel Co. (NYSE:X) Receives $37.89 Average Price Target from Analysts

Shares of United States Steel Co. (NYSE:X) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $37.89.

A number of brokerages recently issued reports on X. StockNews.com began coverage on United States Steel in a research report on Sunday. They issued a “hold” rating for the company. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. began coverage on United States Steel in a research report on Friday, January 12th. They set a “neutral” rating and a $52.00 target price for the company. Finally, BMO Capital Markets decreased their target price on 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.

Hedge Funds Weigh In On United States Steel

Several institutional investors have recently made changes to their positions in X. SummerHaven Investment Management LLC grew its stake in United States Steel by 0.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 278 shares during the last quarter. Parallel Advisors LLC grew its stake in United States Steel by 28.7% in the fourth quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 304 shares during the last quarter. D.A. Davidson & CO. grew its stake in United States Steel by 0.9% in the third quarter. D.A. Davidson & CO. now owns 32,770 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 307 shares during the last quarter. Quadrant Capital Group LLC grew its stake in United States Steel by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 313 shares during the last quarter. Finally, Diversified Trust Co grew its stake in United States Steel by 4.0% in the first quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Up 0.6 %

Shares of X opened at $38.84 on Friday. The company has a market cap of $8.73 billion, a PE ratio of 11.07 and a beta of 2.01. The business has a fifty day moving average of $43.12 and a 200 day moving average of $41.33. 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 issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping 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%. United States Steel’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. On average, sell-side analysts expect that United States Steel will post 3.18 EPS for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. United States Steel’s dividend payout ratio is currently 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.