Analysts Set United States Steel Co. (NYSE:X) PT at $38.78

United States Steel Co. (NYSE:XGet Free Report) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.38.

A number of research analysts have recently issued reports on X shares. Morgan Stanley raised United States Steel from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $51.00 to $48.00 in a report on Monday, May 6th. StockNews.com started coverage on United States Steel in a report on Wednesday. They set a “hold” rating on the stock. BMO Capital Markets raised United States Steel from a “market perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $45.00 in a report on Wednesday, June 26th. Jefferies Financial Group initiated coverage on United States Steel in a report on Monday, May 20th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on United States Steel from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd.

Get Our Latest Analysis on X

United States Steel Trading Down 1.5 %

NYSE X opened at $38.19 on Thursday. United States Steel has a 12 month low of $22.26 and a 12 month high of $50.20. The stock has a market cap of $8.59 billion, a P/E ratio of 11.20 and a beta of 1.93. The stock’s fifty day moving average price is $37.46 and its 200-day moving average price is $42.01. The company has a current ratio of 1.71, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:XGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.22 billion. As a group, equities analysts forecast that United States Steel will post 2.6 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s payout ratio is currently 5.87%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in X. Norges Bank bought a new stake in United States Steel during the 4th quarter valued at approximately $200,952,000. KRYGER CAPITAL Ltd bought a new stake in United States Steel during the 4th quarter valued at approximately $95,529,000. Segantii Capital Management Ltd bought a new stake in United States Steel during the 4th quarter valued at approximately $68,840,000. Bank of Nova Scotia bought a new stake in United States Steel during the 4th quarter valued at approximately $53,338,000. Finally, ING Groep NV bought a new stake in United States Steel during the 4th quarter valued at approximately $49,769,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

About United States Steel

(Get Free Report

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.

Further Reading

Analyst Recommendations for United States Steel (NYSE:X)

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