United States Steel (NYSE:X) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of United States Steel (NYSE:X) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 19th. JPMorgan Chase & Co. began coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. Wolfe Research raised shares of 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 note on Tuesday, April 9th. Finally, Morgan Stanley cut shares of United States Steel from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $40.00 to $51.00 in a research note on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.89.

United States Steel Stock Up 0.7 %

Shares of NYSE:X opened at $37.42 on Monday. The company has a market capitalization of $8.41 billion, a PE ratio of 10.66 and a beta of 2.00. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. United States Steel has a twelve month low of $20.40 and a twelve month high of $50.20. The firm has a 50 day simple moving average of $42.44 and a 200-day simple moving average of $41.45.

United States Steel (NYSE:X) last released its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. United States Steel’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts predict that United States Steel will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in X. CWM LLC lifted its holdings in United States Steel by 51.1% in the 3rd quarter. CWM LLC now owns 2,828 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 957 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in shares of United States Steel during the 3rd quarter worth about $487,000. Handelsbanken Fonder AB lifted its holdings in shares of United States Steel by 48.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 37,000 shares of the basic materials company’s stock worth $1,202,000 after acquiring an additional 12,100 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of United States Steel during the 3rd quarter worth about $214,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of United States Steel by 12.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 20,799 shares of the basic materials company’s stock worth $676,000 after acquiring an additional 2,372 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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.