United States Steel Co. (X) CEO David B. Burritt Sells 6,936 Shares
United States Steel Co. (NYSE:X) CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.95, for a total transaction of $277,093.20. Following the completion of the transaction, the chief executive officer now owns 179,567 shares of the company’s stock, valued at $7,173,701.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
United States Steel Co. (X) traded up $0.64 during midday trading on Wednesday, reaching $39.31. 9,070,000 shares of the company’s stock were exchanged, compared to its average volume of 10,400,000. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. The company has a market cap of $6,880.00, a P/E ratio of 57.81, a price-to-earnings-growth ratio of 1.60 and a beta of 3.00.
United States Steel (NYSE:X) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. The firm 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%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. research analysts predict that United States Steel Co. will post 1.84 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Cowen restated a “hold” rating and issued a $40.00 target price on shares of United States Steel in a research note on Thursday, January 4th. Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and decreased their target price for the company from $41.83 to $18.55 in a research note on Monday, December 11th. KeyCorp restated a “hold” rating on shares of United States Steel in a research note on Friday, November 17th. Bank of America set a $32.00 target price on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.14.
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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).
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