United States Steel Stock Rating Reaffirmed by Zacks (X)
United States Steel (NYSE:X)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Thursday. They currently have a $41.00 target price on the stock. Zacks‘s target price points to a potential upside of 5.05% from the company’s current price.
United States Steel (NYSE:X) traded down 3.56% during mid-day trading on Thursday, hitting $37.64. The stock had a trading volume of 4,235,658 shares. United States Steel has a one year low of $17.80 and a one year high of $39.58. The stock’s 50-day moving average is $32.2 and its 200-day moving average is $27.36. The company’s market cap is $5.462 billion.
United States Steel (NYSE:X) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue 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 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 0.51%. The ex-dividend date of this dividend is Monday, August 11th.
A number of other analysts have also recently weighed in on X. 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. United States Steel presently has an average rating of “Buy” and a consensus target price of $84.00.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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