United States Steel Receives Average Rating of “Hold” from Brokerages (NYSE:X)
Shares of United States Steel (NYSE:X) have earned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, American Banking and Market News reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $87.86.
United States Steel (NYSE:X) opened at 37.81 on Thursday. United States Steel has a 52-week low of $17.80 and a 52-week high of $38.49. The stock has a 50-day moving average of $31.53 and a 200-day moving average of $27.05. The company’s market cap is $5.487 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. On average, analysts predict that United States Steel will post $1.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 0.53%. The ex-dividend date is Monday, August 11th.
Several analysts have recently commented on the stock. 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. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of United States Steel in a research note on Wednesday, August 6th. Finally, 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.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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