United States Steel Corp. PT Raised to $37.00 at Cowen and Company (X)
Analysts at Cowen and Company raised their price target on shares of United States Steel Corp. (NYSE:X) from $33.00 to $37.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 46.01% from the company’s current price.
A number of other analysts have also recently weighed in on X. Analysts at BMO Capital Markets upgraded shares of United States Steel Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at KeyCorp upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. Finally, analysts at Sanford C. Bernstein initiated coverage on shares of United States Steel Corp. in a research note to investors on Thursday, December 12th. They set a “market perform” rating and a $27.00 price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.93.
Shares of United States Steel Corp. (NYSE:X) opened at 25.34 on Wednesday. United States Steel Corp. has a 52 week low of $15.80 and a 52 week high of $31.15. The stock has a 50-day moving average of $28.03 and a 200-day moving average of $23.29. The company’s market cap is $3.666 billion. United States Steel Corp. also saw some unusual options trading activity on Monday. Traders acquired 32,935 call options on the stock. This represents an increase of 217% compared to the average volume of 10,390 call options.
United States Steel Corp. (NYSE:X) last announced its earnings results on Tuesday, January 28th. The company reported ($0.41) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.25) by $0.16. On average, analysts predict that United States Steel Corp. will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of 0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%.
United States Steel Corporation (NYSE:X) produces and sells steel mill products, including flat-rolled and tubular products, in North America and Europe.
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