Brokerages Set United States Steel Corporation (NYSE:X) PT at $43.80

Shares of United States Steel Corporation (NYSE:X) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.80.

Several research analysts have recently issued reports on X shares. Morgan Stanley raised their price target on United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their target price on United States Steel from $39.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, June 2nd. Jefferies Financial Group restated a “hold” rating and set a $55.00 target price (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Wolfe Research reissued a “peer perform” rating on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Glj Research lowered shares of United States Steel from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 30th.

United States Steel Stock Up 0.2%

Shares of NYSE X opened at $54.97 on Thursday. The firm has a market capitalization of $12.45 billion, a PE ratio of 189.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87. The company has a current ratio of 1.45, a quick ratio of 0.75 and a debt-to-equity ratio of 0.36. United States Steel has a 1 year low of $26.92 and a 1 year high of $54.91. The firm’s 50-day moving average is $47.15 and its 200-day moving average is $40.79.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 0.64% and a return on equity of 1.69%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the business posted $0.82 earnings per share. United States Steel’s revenue was down 10.4% compared to the same quarter last year. Equities analysts expect that United States Steel will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.36%. United States Steel’s dividend payout ratio is currently 68.97%.

Institutional Trading of United States Steel

Institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in United States Steel by 643.8% in the 1st quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 515 shares in the last quarter. HM Payson & Co. lifted its stake in United States Steel by 57.2% in the 1st quarter. HM Payson & Co. now owns 706 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 257 shares in the last quarter. Bessemer Group Inc. lifted its stake in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 277 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in United States Steel in the 1st quarter valued at approximately $31,000. Finally, Versant Capital Management Inc lifted its position in shares of United States Steel by 45.3% in the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 284 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

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.