United States Steel Corporation (NYSE:X)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $32.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 20.26% from the stock’s current price.

Several other research firms have also commented on X. BidaskClub upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, June 7th. They noted that the move was a valuation call. Deutsche Bank AG upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, June 23rd. Morgan Stanley restated an “overweight” rating on shares of United States Steel Corporation in a report on Friday, July 21st. Finally, Barclays PLC restated an “equal weight” rating and issued a $25.00 price target (up previously from $24.00) on shares of United States Steel Corporation in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.17.

Shares of United States Steel Corporation (NYSE X) traded down 0.89% during trading on Thursday, hitting $26.61. 10,980,810 shares of the company traded hands. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83. The company has a 50 day moving average price of $23.70 and a 200 day moving average price of $27.18. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 168.42 and a beta of 2.88.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts expect that United States Steel Corporation will post $1.78 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. 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 worth $1,028,000 after buying an additional 80,407 shares during 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 worth $6,985,000 after buying an additional 406,600 shares during 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 worth $482,799,000 after buying an additional 14,161,952 shares during 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 worth $112,000 after buying an additional 3,155 shares during 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 worth $589,000 after buying an additional 2,221 shares during the last quarter. Institutional investors own 63.37% of the company’s stock.

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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