United States Steel Upgraded by TheStreet to “Hold” (X)
United States Steel (NYSE:X) was upgraded by equities researchers at TheStreet to a “hold” rating in a research report issued on Wednesday, Analyst Ratings Net reports.
X has been the subject of a number of other recent research reports. Analysts at Ned Davis Research upgraded shares of United States Steel from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at KeyCorp downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Monday. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of United States Steel in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.20.
Shares of United States Steel (NYSE:X) traded up 1.94% during mid-day trading on Wednesday, hitting $24.16. 3,386,697 shares of the company’s stock traded hands. United States Steel has a 1-year low of $15.80 and a 1-year high of $31.15. The stock has a 50-day moving average of $26.42 and a 200-day moving average of $24.37. The company’s market cap is $3.497 billion.
United States Steel (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 will post $1.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders 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 0.84%. The ex-dividend date is Monday, February 10th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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