United States Steel Corp. (NYSE:X)‘s stock had its “hold” rating restated by Morgan Stanley in a research note issued on Thursday. They presently have a $19.00 price target on the stock. Morgan Stanley’s price objective indicates a potential downside of 29.37% from the company’s current price.
In related news, Director Stephen J. Girsky purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $18.94 per share, with a total value of $37,880.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $37,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Other equities analysts also recently issued reports about the stock. Rosenblatt Securities upgraded shares of United States Steel Corp. from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, April 28th. Vetr upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $16.37 target price for the company in a report on Monday, May 16th. Zacks Investment Research upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, June 30th. Credit Suisse Group AG set a $29.00 target price on shares of United States Steel Corp. and gave the company a “buy” rating in a report on Wednesday. Finally, Argus upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $25.49 to $30.00 in a report on Thursday. Eight analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.83.
Shares of United States Steel Corp. (NYSE:X) traded up 5.53% during trading on Thursday, hitting $26.90. 18,162,966 shares of the stock traded hands. The firm’s market cap is $3.94 billion. United States Steel Corp. has a 52-week low of $6.15 and a 52-week high of $26.92. The company’s 50 day moving average is $19.14 and its 200 day moving average is $14.69.
United States Steel Corp. (NYSE:X) last posted its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.18. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.68 billion. The business’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.79) earnings per share. On average, equities research analysts predict that United States Steel Corp. will post ($1.33) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.74%.
United States Steel Corporation (U. S. Steel) 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).
