United States Steel Price Target Increased to $783.00 by Analysts at S&P Equity Research (X)
Stock analysts at S&P Equity Research raised their price target on shares of United States Steel (NYSE:X) from $11.68 to $783.00 in a report issued on Monday. The firm currently has a “hold” rating on the stock.
United States Steel (NYSE:X) traded up 1.38% on Monday, hitting $33.90. The stock had a trading volume of 4,903,291 shares. United States Steel has a 1-year low of $16.86 and a 1-year high of $34.73. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $26.02. The company’s market cap is $4.920 billion.
United States Steel (NYSE:X) last announced its earnings results on Tuesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.44. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that United States Steel will post $1.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, August 11th.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $48.00 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $40.00 price target on the stock, up previously from $28.00. Finally, analysts at Cowen and Company raised their price target on shares of United States Steel from $36.00 to $42.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. United States Steel presently has a consensus rating of “Hold” and a consensus target price of $82.93.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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