United States Steel Hits New 52-Week High at $35.89 (X)
Shares of United States Steel (NYSE:X) reached a new 52-week high on Monday , AnalystRatings.NET reports. The company traded as high as $35.89 and last traded at $35.65, with a volume of 2,881,439 shares traded. The stock had previously closed at $35.40.
X has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of United States Steel in a research note on Wednesday, August 6th. Separately, analysts at S&P Equity Research raised their price target on shares of United States Steel from $11.68 to $783.00 in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Finally, analysts at KeyCorp upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Monday, August 4th. They now have a $48.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. United States Steel has a consensus rating of “Hold” and an average target price of $91.46.
The stock’s 50-day moving average is $28.38 and its 200-day moving average is $26.27. The company’s market cap is $5.158 billion.
United States Steel (NYSE:X) last released its earnings data 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 $1.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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 0.56%. The ex-dividend date is Monday, August 11th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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