United States Steel Corp. (X) Given Consensus Rating of “Hold” by Brokerages
United States Steel Corp. (NYSE:X) has been given a consensus rating of “Hold” by the twenty-two analysts that are currently covering the company. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.47.
Several equities analysts have recently weighed in on X shares. Vetr upgraded United States Steel Corp. from a “buy” rating to a “strong-buy” rating and set a $21.99 target price on the stock in a research report on Tuesday, August 30th. Citigroup Inc. started coverage on United States Steel Corp. in a report on Monday, August 22nd. They issued a “buy” rating and a $27.00 price target for the company. Credit Suisse Group AG set a $29.00 price target on United States Steel Corp. and gave the company a “buy” rating in a report on Thursday, September 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of United States Steel Corp. in a report on Monday, September 26th. Finally, Zacks Investment Research cut United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st.
Shares of United States Steel Corp. (NYSE:X) traded up 7.507% during trading on Wednesday, hitting $18.459. 15,547,661 shares of the company were exchanged. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $27.64. The company has a 50 day moving average of $17.95 and a 200-day moving average of $18.63. The stock’s market capitalization is $2.71 billion.
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United States Steel Corp. (NYSE:X) last released its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.18. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.68 billion. United States Steel Corp. had a negative return on equity of 20.96% and a negative net margin of 15.09%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.79) earnings per share. On average, analysts forecast that United States Steel Corp. will post ($0.74) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Anchor Bolt Capital LP acquired a new stake in shares of United States Steel Corp. during the first quarter worth about $13,147,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of United States Steel Corp. during the first quarter worth about $877,000. Legal & General Group Plc increased its stake in shares of United States Steel Corp. by 38.6% in the first quarter. Legal & General Group Plc now owns 299,036 shares of the company’s stock worth $4,811,000 after buying an additional 83,297 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of United States Steel Corp. during the first quarter worth about $41,730,000. Finally, Wellington Management Group LLP acquired a new stake in shares of United States Steel Corp. during the first quarter worth about $14,903,000. 63.54% of the stock is owned by institutional investors.
United States Steel Corp. Company Profile
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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