Brokerages Set United States Steel Corporation (X) PT at $27.13

Shares of United States Steel Corporation (NYSE:X) have earned an average rating of “Hold” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $27.13.

Several brokerages recently commented on X. Barclays PLC set a $25.00 target price on United States Steel Corporation and gave the stock an “equal weight” rating in a research report on Thursday, August 3rd. Argus raised their target price on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research report on Friday, July 28th. Citigroup Inc. cut United States Steel Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $26.00 to $20.00 in a research report on Friday, July 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $51.00 target price on shares of United States Steel Corporation in a research report on Thursday, July 27th. Finally, Longbow Research cut United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th.

United States Steel Corporation (NYSE X) traded up 1.261% during mid-day trading on Friday, reaching $24.495. 9,220,664 shares of the company traded hands. The company has a market capitalization of $4.28 billion, a P/E ratio of 155.032 and a beta of 2.88. 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 52-week low of $15.72 and a 52-week high of $41.83.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 9th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. United States Steel Corporation’s dividend payout ratio is 125.00%.

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In other news, Director Paul Anthony Mascarenas acquired 1,500 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $19.31 per share, for a total transaction of $28,965.00. Following the completion of the transaction, the director now directly owns 12,377 shares in the company, valued at $238,999.87. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Girsky acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $19.94 per share, with a total value of $49,850.00. Following the completion of the transaction, the director now owns 21,872 shares of the company’s stock, valued at $436,127.68. The disclosure for this purchase can be found here. Insiders purchased 14,000 shares of company stock valued at $278,415 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in X. Vanguard Group Inc. raised its stake in shares of United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after buying an additional 1,539,412 shares during the last quarter. BlackRock Inc. raised 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 last quarter. State Street Corp raised its stake in shares of United States Steel Corporation by 0.5% in the first quarter. State Street Corp now owns 5,547,843 shares of the basic materials company’s stock worth $187,574,000 after buying an additional 27,483 shares during the last quarter. Morgan Stanley raised its stake in shares of United States Steel Corporation by 19.9% in the first quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company’s stock worth $104,480,000 after buying an additional 512,075 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of United States Steel Corporation by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 1,928,402 shares of the basic materials company’s stock worth $42,695,000 after buying an additional 93,579 shares during the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.

United States Steel Corporation Company Profile

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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