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United States Steel Corp. (NYSE:X) was downgraded by stock analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $23.00 price objective on the stock, down from their previous price objective of $28.00. Citigroup Inc.’s price target suggests a potential downside of 10.12% from the stock’s previous close.

The analysts wrote, “US Steel appears stronger with new management removing costs but this may not be enough in a falling price environment.” Yu continued, “this is unlikely to change given the company’s captive iron ore mines, which provide a raw materials advantage but also greater fixed over variable cost structure.”

In other United States Steel Corp. news, Director Murry Gerber purchased 14,400 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $25.21 per share, with a total value of $363,024.00. Following the completion of the acquisition, the director now directly owns 136,088 shares in the company, valued at approximately $3,430,778. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

United States Steel Corp. (NYSE:X) traded up 2.27% on Tuesday, hitting $26.17. 8,012,430 shares of the company’s stock traded hands. United States Steel Corp. has a 52-week low of $15.80 and a 52-week high of $31.15. The stock’s 50-day moving average is $27.5 and its 200-day moving average is $23.76. The company’s market cap is $3.788 billion.

United States Steel Corp. (NYSE:X) last announced its earnings results on Tuesday, January 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.16. Analysts expect that United States Steel Corp. will post $1.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, February 10th.

X has been the subject of a number of other recent research reports. Analysts at Macquarie upgraded shares of United States Steel Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 30th. They now have a $30.00 price target on the stock, up previously from $24.00. Separately, analysts at Barclays raised their price target on shares of United States Steel Corp. from $25.00 to $31.00 in a research note on Wednesday, January 29th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group raised their EPS on shares of United States Steel Corp. in a research note on Wednesday, January 29th. They now have a “hold” rating and a $27.00 price target on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.20.

United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.

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