United States Steel Reaches New 12-Month High at $39.20 (X)
United States Steel (NYSE:X) hit a new 52-week high on Monday , AnalystRatings.Net reports. The company traded as high as $39.20 and last traded at $38.72, with a volume of 4,777,396 shares traded. The stock had previously closed at $37.81.
X has been the subject of a number of recent research reports. Analysts at Compass Point reiterated an “outperform” rating on shares of United States Steel in a research note on Monday. They now have a $42.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of United States Steel from an “underperform” rating to an “outperform” rating in a research note on Monday. They now have a $50.00 price target on the stock, up previously from $22.00. Finally, analysts at Argus raised their price target on shares of United States Steel from $31.00 to $41.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $86.87.
The stock’s 50-day moving average is $31.53 and its 200-day moving average is $27.05. The company’s market cap is $5.596 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 $1.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend 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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