United States Steel Corporation (NYSE:X) had its target price upped by investment analysts at BMO Capital Markets from $29.00 to $33.00 in a report issued on Thursday. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 30.33% from the stock’s current price.

X has been the subject of several other reports. Longbow Research downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. Argus upped their price objective on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research report on Friday, July 28th. Cowen and Company upped their price objective on United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Macquarie began coverage on United States Steel Corporation in a research report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective for the company. Finally, Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Three investment 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. The stock has an average rating of “Hold” and a consensus target price of $29.34.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. United States Steel Corporation had a return on equity of 10.79% and a net margin of 1.05%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS.

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In other United States Steel Corporation news, Director Murry Gerber bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the completion of the purchase, the director now directly owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $25.16 per share, with a total value of $25,160.00. Following the purchase, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders have purchased 64,597 shares of company stock valued at $1,764,452 in the last ninety days. 1.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. grew its stake in United States Steel Corporation by 524.7% during the third quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock worth $17,161,000 after purchasing an additional 561,758 shares during the period. Stevens Capital Management LP acquired a new stake in United States Steel Corporation during the third quarter worth approximately $275,000. Chicago Equity Partners LLC grew its stake in United States Steel Corporation by 888.7% during the third quarter. Chicago Equity Partners LLC now owns 230,070 shares of the basic materials company’s stock worth $5,904,000 after purchasing an additional 206,800 shares during the period. Meridian Wealth Management LLC acquired a new stake in United States Steel Corporation during the third quarter worth approximately $2,078,000. Finally, ARP Americas LLC acquired a new stake in United States Steel Corporation during the third quarter worth approximately $223,000. 63.77% of the stock is 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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