United States Steel Corp. (X) Given a $29.00 Price Target by Credit Suisse Group AG Analysts
United States Steel Corp. (NYSE:X) has been given a $29.00 target price by equities research analysts at Credit Suisse Group AG in a research report issued on Saturday. The brokerage currently has a a “buy” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 64.03% from the company’s current price.
Several other analysts also recently weighed in on X. Jefferies Group boosted their price target on shares of United States Steel Corp. from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, June 10th. Vetr raised shares of United States Steel Corp. from a “buy” rating to a “strong-buy” rating and set a $19.01 price objective for the company in a research note on Tuesday, June 14th. Bank of America Corp. raised shares of United States Steel Corp. from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $18.00 in a research note on Wednesday, June 15th. Zacks Investment Research raised shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, June 30th. Finally, Deutsche Bank AG raised shares of United States Steel Corp. from a “sell” rating to a “hold” rating and upped their price objective for the company from $8.00 to $15.00 in a research note on Wednesday, July 6th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United States Steel Corp. currently has an average rating of “Hold” and an average price target of $19.84.
Shares of United States Steel Corp. (NYSE:X) traded down 1.39% during mid-day trading on Friday, hitting $17.68. The stock had a trading volume of 16,175,245 shares. The firm’s market capitalization is $2.59 billion. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $27.64. The stock’s 50-day moving average is $18.58 and its 200 day moving average is $18.54.
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United States Steel Corp. (NYSE:X) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.18. United States Steel Corp. had a negative net margin of 15.09% and a negative return on equity of 20.96%. The company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm posted ($0.79) EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts predict that United States Steel Corp. will post $3.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. United States Steel Corp.’s dividend payout ratio (DPR) is -1.88%.
A number of hedge funds and other institutional investors have recently modified their holdings of X. Beacon Capital Management bought a new position in shares of United States Steel Corp. during the fourth quarter worth $0. Simplex Trading increased its position in United States Steel Corp. by 10.2% in the fourth quarter. Simplex Trading now owns 2,400 shares of the company’s stock valued at $1,252,000 after buying an additional 222 shares during the last quarter. Advisor Group Inc. acquired a new position in United States Steel Corp. during the second quarter valued at $120,000. DekaBank Deutsche Girozentrale increased its position in United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares during the last quarter. Institutional investors own 63.51% of the company’s stock.
About United States Steel Corp.
United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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