United States Steel Corporation (NYSE:X)‘s stock had its “market perform” rating reissued by BMO Capital Markets in a research note issued on Friday.

A number of other analysts also recently issued reports on X. Zacks Investment Research cut United States Steel Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 23rd. Credit Suisse Group upgraded United States Steel Corporation from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $13.68 to $30.00 in a report on Wednesday, May 24th. J P Morgan Chase & Co restated an “overweight” rating on shares of United States Steel Corporation in a report on Wednesday, June 7th. Standpoint Research upgraded United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Citigroup Inc. upgraded United States Steel Corporation to a “hold” rating in a report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.40.

United States Steel Corporation (X) traded down 2.60% on Friday, hitting $26.96. 13,235,606 shares of the stock traded hands. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 170.63 and a beta of 2.88. The stock has a 50-day moving average price of $24.59 and a 200 day moving average price of $26.46. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. On average, analysts anticipate that United States Steel Corporation will post $1.74 EPS for the current fiscal year.

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In other United States Steel Corporation news, CFO Kevin Bradley purchased 22,835 shares of the stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the transaction, the chief financial officer now owns 30,415 shares of the company’s stock, valued at approximately $840,062.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Murry Gerber purchased 4,000 shares of the stock in a transaction on Friday, September 1st. The shares were acquired at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the transaction, the director now directly owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. Insiders bought 63,597 shares of company stock worth $1,739,292 in the last 90 days. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of United States Steel Corporation by 10.1% during the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock valued at $566,096,000 after acquiring an additional 1,539,412 shares during the last quarter. BlackRock Inc. raised its holdings in shares of United States Steel Corporation by 0.4% during the second quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after acquiring an additional 63,943 shares during the last quarter. State Street Corp raised its holdings in shares of United States Steel Corporation by 6.2% during the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after acquiring an additional 341,591 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United States Steel Corporation by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,245,149 shares of the basic materials company’s stock valued at $71,851,000 after acquiring an additional 236,714 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of United States Steel Corporation by 19.9% during the first quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company’s stock valued at $104,480,000 after acquiring an additional 512,075 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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