United States Steel Corporation (NYSE:X) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Several other brokerages also recently weighed in on X. Vetr raised shares of United States Steel Corporation from a “strong sell” rating to a “hold” rating and set a $36.38 target price on the stock in a research note on Monday, March 20th. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corporation in a research note on Thursday, March 16th. Deutsche Bank AG upped their target price on shares of United States Steel Corporation from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, March 21st. Longbow Research began coverage on shares of United States Steel Corporation in a research note on Wednesday, April 12th. They set a “neutral” rating on the stock. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $46.00 target price (up from $39.00) on shares of United States Steel Corporation in a research note on Wednesday, March 22nd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.60.

Shares of United States Steel Corporation (X) traded up 2.42% during trading on Wednesday, hitting $22.85. 11,926,225 shares of the stock were exchanged. United States Steel Corporation has a one year low of $15.72 and a one year high of $41.83. The company’s market cap is $3.99 billion. The stock’s 50 day moving average price is $20.78 and its 200-day moving average price is $30.22.

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 consensus estimate of $0.35 by $1.18. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company earned ($2.15) earnings per share. United States Steel Corporation’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts predict that United States Steel Corporation will post $1.05 EPS for the current year.

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In related news, Director Paul Anthony Mascarenas bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares of the company’s stock, valued at $238,999.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Sutherland bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the transaction, the director now directly owns 98,919 shares of the company’s stock, valued at approximately $1,974,423.24. 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. Insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted 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. Dynamic Technology Lab Private Ltd acquired a new position in shares of United States Steel Corporation during the first quarter worth $209,000. Acrospire Investment Management LLC boosted 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 worth $210,000 after buying an additional 4,391 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company’s stock worth $213,000 after buying an additional 1,112 shares during the period. Finally, FNY Partners Fund LP boosted its position in shares of United States Steel Corporation by 272.2% in the first quarter. FNY Partners Fund LP now owns 6,700 shares of the basic materials company’s stock worth $226,000 after buying an additional 4,900 shares during the period. 66.84% of the stock is currently owned by institutional investors and hedge funds.

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).

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

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