United States Steel Corporation (NYSE:X) was upgraded by equities researchers at Citigroup Inc. to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also weighed in on the stock. Vetr upgraded shares of United States Steel Corporation from a “buy” rating to a “strong-buy” rating and set a $38.76 price objective on the stock in a research report on Monday, March 27th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $46.00 price objective (up from $39.00) on shares of United States Steel Corporation in a research report on Wednesday, March 22nd. Deutsche Bank AG lifted their price objective on shares of United States Steel Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Morgan Stanley reiterated a “buy” rating and issued a $34.00 price objective (down from $48.00) on shares of United States Steel Corporation in a research report on Monday, May 1st. Finally, Credit Suisse Group upgraded shares of United States Steel Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $13.68 to $30.00 in a research report on Wednesday, May 24th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.49.

Analyst Recommendations for United States Steel Corporation (NYSE:X)

Shares of United States Steel Corporation (NYSE X) traded down 1.03% during mid-day trading on Tuesday, reaching $20.16. 15,679,541 shares of the company were exchanged. The stock has a 50 day moving average price of $20.74 and a 200-day moving average price of $31.06. United States Steel Corporation has a 12 month low of $14.80 and a 12 month high of $41.83. The stock’s market capitalization is $3.52 billion.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $1.18. United States Steel Corporation had a negative net margin of 2.63% and a negative return on equity of 3.48%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the business earned ($2.15) earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts predict that United States Steel Corporation will post $1.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Monday, May 8th. United States Steel Corporation’s dividend payout ratio (DPR) is presently -12.20%.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/06/18/united-states-steel-corporation-x-upgraded-to-hold-at-citigroup-inc.html.

In other news, Director Paul Anthony Mascarenas purchased 1,500 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average price of $19.31 per share, with a total value of $28,965.00. Following the purchase, the director now directly owns 12,377 shares of the company’s stock, valued at approximately $238,999.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Sutherland purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $19.96 per share, with a total value of $199,600.00. Following the purchase, the director now directly owns 98,919 shares in the company, valued at $1,974,423.24. The disclosure for this purchase can be found here. Insiders have bought a total of 14,000 shares of company stock valued at $278,415 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock valued at $112,000 after buying an additional 3,155 shares during the last quarter. Diligent Investors LLC purchased a new position in shares of United States Steel Corporation during the fourth quarter valued at $404,000. Tyers Asset Management LLC purchased a new position in shares of United States Steel Corporation during the fourth quarter valued at $196,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of United States Steel Corporation during the first quarter valued at $209,000. Finally, Acrospire Investment Management LLC increased its position in shares of United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock valued at $210,000 after buying an additional 4,391 shares during the last quarter. 70.77% of the stock is owned by hedge funds and other institutional investors.

United States Steel Corporation Company Profile

United States Steel Corporation 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).

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.