Shares of United States Steel Corporation (NYSE:X) have been assigned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.38.

Several analysts recently weighed in on X shares. Morgan Stanley reaffirmed a “buy” rating and issued a $34.00 target price (down previously from $48.00) on shares of United States Steel Corporation in a report on Monday, May 1st. Zacks Investment Research cut shares of United States Steel Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 23rd. Jefferies Group LLC cut their price objective on shares of United States Steel Corporation from $50.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Barclays PLC cut their price objective on shares of United States Steel Corporation from $34.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, May 4th. Finally, Longbow Research reissued a “neutral” rating on shares of United States Steel Corporation in a report on Tuesday, May 9th.

In other news, Director David Sutherland purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $19.96 per share, with a total value of $199,600.00. Following the transaction, the director now owns 98,919 shares in the company, valued at approximately $1,974,423.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Girsky purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $19.94 per share, for a total transaction of $49,850.00. Following the completion of the transaction, the director now owns 21,872 shares in the company, valued at approximately $436,127.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,000 shares of company stock valued at $278,415. Company insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL raised its stake in United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock valued at $1,028,000 after buying an additional 80,407 shares in the last quarter. Scopus Asset Management L.P. raised its stake in United States Steel Corporation by 203.3% in the first quarter. Scopus Asset Management L.P. now owns 206,600 shares of the basic materials company’s stock valued at $6,985,000 after buying an additional 406,600 shares in the last quarter. BlackRock Inc. raised its stake in United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock valued at $482,799,000 after buying an additional 14,161,952 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 in the last quarter. Finally, Private Advisor Group LLC raised its stake in United States Steel Corporation by 14.0% in the first quarter. Private Advisor Group LLC now owns 18,040 shares of the basic materials company’s stock valued at $589,000 after buying an additional 2,221 shares in the last quarter. 66.84% of the stock is currently owned by institutional investors and hedge funds.

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United States Steel Corporation (NYSE:X) traded up 2.06% during trading on Tuesday, hitting $22.31. 12,562,069 shares of the company were exchanged. The company’s market capitalization is $3.90 billion. The stock’s 50-day moving average is $20.78 and its 200-day moving average is $30.22. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.18. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.91 billion. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned ($2.15) EPS. Equities research analysts anticipate that United States Steel Corporation will post $1.05 earnings per share for the current year.

About United States Steel Corporation

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).

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

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