United States Steel Co. (NYSE:X) had its price target increased by Citigroup Inc. from $20.00 to $22.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a “sell” rating on the basic materials company’s stock. Citigroup Inc.’s price objective points to a potential downside of 12.32% from the stock’s current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of United States Steel in a report on Friday, September 8th. Macquarie began coverage on United States Steel in a report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 target price for the company. Standpoint Research lowered United States Steel from a “buy” rating to a “reduce” rating in a report on Tuesday, September 5th. Bank of America Corporation raised United States Steel from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $24.00 target price on shares of United States Steel in a report on Friday, September 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.52.

United States Steel (NYSE X) traded down 2.03% on Friday, reaching $25.09. The company had a trading volume of 12,624,289 shares. United States Steel has a 12 month low of $15.72 and a 12 month high of $41.83. The firm has a market capitalization of $4.39 billion, a PE ratio of 158.80 and a beta of 2.88. The stock has a 50 day moving average of $24.89 and a 200 day moving average of $26.11.

United States Steel (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 the Thomson Reuters’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. United States Steel had a return on equity of 44.29% and a net margin of 8.30%. United States Steel’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, analysts anticipate that United States Steel will post $1.74 EPS for the current year.

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In related news, Director Murry Gerber acquired 4,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was bought at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the transaction, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevin Bradley acquired 22,835 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of $27.62 per share, with a total value of $630,702.70. Following the transaction, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Insiders have bought a total of 63,597 shares of company stock valued at $1,739,292 in the last quarter. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in X. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of United States Steel 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 purchasing an additional 3,155 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of United States Steel by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of United States Steel by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 674 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United States Steel in the first quarter valued at $209,000. Finally, Sigma Planning Corp lifted its holdings in shares of United States Steel by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,696 shares in the last quarter. Institutional investors own 63.37% of the company’s stock.

United States Steel 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 (NYSE:X)

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