United States Steel (NYSE:X)‘s stock had its “hold” rating reaffirmed by Cowen in a report released on Thursday. They presently have a $40.00 price target on the basic materials company’s stock. Cowen’s target price suggests a potential upside of 5.62% from the company’s current price.

A number of other analysts have also recently commented on X. Macquarie started coverage on United States Steel in a research report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target for the company. BMO Capital Markets reissued a “market perform” rating on shares of United States Steel in a report on Friday, September 8th. Citigroup boosted their price objective on United States Steel from $20.00 to $22.00 and gave the company a “sell” rating in a report on Friday, September 15th. Jefferies Group reissued a “buy” rating on shares of United States Steel in a report on Monday, September 18th. Finally, Longbow Research reissued a “neutral” rating on shares of United States Steel in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $30.32.

Shares of United States Steel (NYSE X) traded up $0.40 on Thursday, reaching $37.87. The company’s stock had a trading volume of 9,990,000 shares, compared to its average volume of 9,680,000. United States Steel has a 12 month low of $18.55 and a 12 month high of $41.83. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6,630.00, a PE ratio of 55.69 and a beta of 3.00.

United States Steel (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. equities research analysts predict that United States Steel will post 1.79 EPS for the current fiscal year.

In related news, insider Richard Fruehauf sold 5,959 shares of United States Steel stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $178,770.00. Following the completion of the transaction, the insider now owns 7,960 shares in the company, valued at approximately $238,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colleen M. Darragh sold 1,060 shares of United States Steel stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total value of $40,121.00. Following the completion of the transaction, the vice president now owns 18,076 shares of the company’s stock, valued at approximately $684,176.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,698 shares of company stock valued at $2,535,286. 1.00% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in X. Enterprise Financial Services Corp purchased a new stake in United States Steel during the 3rd quarter worth approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after buying an additional 674 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in United States Steel during the 3rd quarter worth approximately $205,000. ARP Americas LLC purchased a new stake in United States Steel during the 3rd quarter worth approximately $223,000. Finally, Advisors Asset Management Inc. increased its stake in United States Steel by 32.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock worth $226,000 after buying an additional 2,148 shares in the last quarter. Hedge funds and other institutional investors own 64.22% of the company’s stock.

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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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