United States Steel Co. (NYSE:X) – Research analysts at KeyCorp raised their FY2017 earnings per share estimates for United States Steel in a report released on Thursday. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings of $2.05 per share for the year, up from their prior forecast of $1.79. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for United States Steel’s Q4 2017 earnings at $0.88 EPS and FY2018 earnings at $3.10 EPS.

A number of other brokerages also recently weighed in on X. Bank of America set a $46.00 target price on shares of United States Steel and gave the company a “buy” rating in a research note on Monday, January 8th. Cowen reaffirmed a “hold” rating and issued a $40.00 target price on shares of United States Steel in a research note on Thursday, January 4th. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and reduced their price target for the company from $41.83 to $18.55 in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.14.

Shares of United States Steel (NYSE X) opened at $39.14 on Monday. The firm has a market cap of $6,850.00, a P/E ratio of 57.56, a P/E/G ratio of 1.67 and a beta of 3.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel has a one year low of $18.55 and a one year high of $41.83.

United States Steel (NYSE:X) last announced 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 business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. United States Steel’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share.

Several institutional investors have recently modified their holdings of X. Neuberger Berman Group LLC bought a new position in shares of United States Steel in the second quarter worth approximately $271,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $154,000 after purchasing an additional 674 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of United States Steel by 3.6% in the second quarter. Principal Financial Group Inc. now owns 739,081 shares of the basic materials company’s stock worth $16,363,000 after purchasing an additional 25,518 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of United States Steel by 7.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,072 shares of the basic materials company’s stock worth $710,000 after purchasing an additional 2,283 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in United States Steel by 135.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 73,070 shares of the basic materials company’s stock worth $1,618,000 after acquiring an additional 42,031 shares during the period. Hedge funds and other institutional investors own 64.22% of the company’s stock.

In other news, VP Colleen M. Darragh sold 1,060 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total value of $40,121.00. Following the transaction, the vice president now owns 18,076 shares in the company, valued at $684,176.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Fruehauf sold 5,959 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 75,698 shares of company stock worth $2,535,286 over the last quarter. Company insiders own 1.00% of the company’s stock.

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About United States Steel

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).

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