United States Steel Upgraded to Outperform at Credit Suisse (X)
United States Steel (NYSE:X) was upgraded by research analysts at Credit Suisse from an “underperform” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $50.00 price target on the stock, up from their previous price target of $22.00. Credit Suisse’s target price would suggest a potential upside of 32.24% from the company’s current price.
Shares of United States Steel (NYSE:X) opened at 37.81 on Monday. United States Steel has a 52 week low of $17.80 and a 52 week high of $38.49. 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 $5.487 billion.
United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.35) earnings per share. United States Steel’s revenue was down .7% compared to the same quarter last year. Analysts expect that United States Steel will post $1.96 EPS 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.
Other equities research analysts have also recently issued reports about 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.87.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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