United States Steel (NYSE:X) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of United States Steel (NYSE:X) in a report issued on Sunday. The brokerage set a “hold” rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. assumed coverage on United States Steel in a research report on Friday, January 12th. They set a “neutral” rating and a $52.00 target price for the company. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. BMO Capital Markets dropped their target price on United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, March 19th. Finally, Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research note on Tuesday, April 9th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel presently has an average rating of “Hold” and a consensus price target of $37.89.

United States Steel Trading Down 0.9 %

Shares of X opened at $38.59 on Friday. The stock has a fifty day moving average price of $43.25 and a two-hundred day moving average price of $41.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. United States Steel has a 52-week low of $20.40 and a 52-week high of $50.20. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 10.99 and a beta of 2.00.

United States Steel (NYSE:X) last issued its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts predict that United States Steel will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bornite Capital Management LP boosted its position in United States Steel by 300.0% during the first quarter. Bornite Capital Management LP now owns 400,000 shares of the basic materials company’s stock valued at $15,096,000 after purchasing an additional 300,000 shares during the last quarter. Natixis Advisors L.P. acquired a new position in United States Steel during the first quarter valued at approximately $455,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in United States Steel during the first quarter valued at approximately $1,150,000. Great West Life Assurance Co. Can boosted its position in United States Steel by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 151,647 shares of the basic materials company’s stock valued at $5,891,000 after purchasing an additional 8,560 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in United States Steel by 9.5% during the first quarter. Blair William & Co. IL now owns 60,133 shares of the basic materials company’s stock valued at $2,269,000 after purchasing an additional 5,217 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.