Shares of United States Steel Co. (NYSE:X) have earned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.52.
Several research firms have issued reports on X. Barclays began coverage on United States Steel in a research note on Friday, September 6th. They set an “overweight” rating for the company. JPMorgan Chase & Co. cut United States Steel from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $14.00 in a research note on Monday, September 23rd. Cfra cut United States Steel from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. Finally, Macquarie cut United States Steel from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $18.00 to $9.00 in a research note on Thursday, September 19th.
X stock traded up $0.01 during midday trading on Friday, hitting $13.57. 9,175,323 shares of the company’s stock were exchanged, compared to its average volume of 12,668,537. The business has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $13.20. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.23 billion, a PE ratio of 2.53, a P/E/G ratio of 29.77 and a beta of 3.04. United States Steel has a 1-year low of $9.93 and a 1-year high of $28.28.
United States Steel (NYSE:X) last posted its earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.08. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share. As a group, research analysts expect that United States Steel will post 0.06 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. United States Steel’s payout ratio is presently 3.73%.
Large investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. purchased a new position in United States Steel in the third quarter valued at $29,000. Quadrant Capital Group LLC boosted its holdings in United States Steel by 92.1% in the third quarter. Quadrant Capital Group LLC now owns 4,156 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,993 shares during the period. NEXT Financial Group Inc boosted its holdings in United States Steel by 139.8% in the second quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,838 shares during the period. Rational Advisors LLC boosted its holdings in United States Steel by 178.5% in the second quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,743 shares during the period. Finally, CenterStar Asset Management LLC purchased a new position in United States Steel in the second quarter valued at $77,000. Hedge funds and other institutional investors own 60.12% of the company’s stock.
United States Steel Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.
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