United States Steel Corporation (X) Lifted to “Hold” at BidaskClub

United States Steel Corporation (NYSE:X) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, July 12th.

A number of other research analysts have also recently weighed in on the stock. Vetr upgraded shares of United States Steel Corporation from a “buy” rating to a “strong-buy” rating and set a $38.76 target price on the stock in a research note on Monday, March 27th. J P Morgan Chase & Co restated an “overweight” rating and set a $46.00 target price (up previously from $39.00) on shares of United States Steel Corporation in a research note on Wednesday, March 22nd. Credit Suisse Group upgraded shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $13.68 to $30.00 in a research note on Wednesday, May 24th. Deutsche Bank AG lifted their price target on shares of United States Steel Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, March 21st. Finally, Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, June 7th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.36.

United States Steel Corporation (X) traded up 0.1840% during midday trading on Wednesday, reaching $24.2345. The company had a trading volume of 11,622,213 shares. The stock has a 50-day moving average price of $22.56 and a 200 day moving average price of $28.28. United States Steel Corporation has a 12-month low of $15.72 and a 12-month high of $41.83. The company has a market capitalization of $4.24 billion, a PE ratio of 153.3829 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) EPS. Equities analysts forecast that United States Steel Corporation will post $1.75 EPS for the current year.

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In other United States Steel Corporation news, Director David Sutherland acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the purchase, the director now directly owns 98,919 shares of the company’s stock, valued at $1,974,423.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average price of $19.31 per share, for a total transaction of $28,965.00. Following the purchase, the director now directly owns 12,377 shares of the company’s stock, valued at $238,999.87. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,000 shares of company stock worth $278,415 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its stake in shares of United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock worth $1,028,000 after buying an additional 80,407 shares during the period. Scopus Asset Management L.P. increased its stake in shares of United States Steel Corporation by 203.3% in the first quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock worth $6,985,000 after buying an additional 406,600 shares during the period. BlackRock Inc. increased its stake in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of United States Steel Corporation by 14.0% in the first quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock worth $589,000 after buying an additional 2,221 shares during the period. 69.08% of the stock is currently owned by hedge funds and other institutional investors.

About United States Steel Corporation

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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