United States Steel Reaches New 1-Year High at $40.93 (X)
United States Steel (NYSE:X) reached a new 52-week high during trading on Thursday , Analyst Ratings News reports. The company traded as high as $40.93 and last traded at $40.44, with a volume of 6,102,966 shares. The stock had previously closed at $39.13.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United States Steel in a research note on Thursday, August 28th. They now have a $41.00 price target on the stock. Separately, analysts at Compass Point reiterated an “outperform” rating on shares of United States Steel in a research note on Monday, August 25th. They now have a $42.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of United States Steel from an “underperform” rating to an “outperform” rating in a research note on Monday, August 25th. They now have a $50.00 price target on the stock, up previously from $22.00. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.00.
The stock has a 50-day moving average of $33.90 and a 200-day moving average of $27.71. The company’s market cap is $5.878 billion. United States Steel also was the recipient of some unusual options trading on Wednesday. Stock traders acquired 24,018 call options on the stock. This is an increase of approximately 152% compared to the typical daily volume of 9,527 call options.
United States Steel (NYSE:X) last posted its quarterly earnings results 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 $2.17 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 0.51%. 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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