United States Steel’s (X) “Market Perform” Rating Reiterated at BMO Capital Markets

United States Steel (NYSE:X)‘s stock had its “market perform” rating reaffirmed by investment analysts at BMO Capital Markets in a report released on Monday,Benzinga reports. They currently have a $45.00 price objective on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 4.66% from the stock’s current price.

X has been the subject of several other reports. Jefferies Financial Group cut their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America assumed coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. increased their price target on United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley lifted their price objective on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, United States Steel has an average rating of “Moderate Buy” and an average price target of $41.32.

United States Steel Trading Up 0.0 %

Shares of X stock opened at $43.00 on Monday. The stock has a fifty day simple moving average of $38.52 and a two-hundred day simple moving average of $37.21. United States Steel has a 52-week low of $26.92 and a 52-week high of $44.87. The firm has a market capitalization of $9.73 billion, a PE ratio of 28.86, a PEG ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, analysts predict that United States Steel will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On United States Steel

Large investors have recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in United States Steel by 36.1% during the 3rd quarter. Cerity Partners LLC now owns 12,613 shares of the basic materials company’s stock valued at $446,000 after acquiring an additional 3,344 shares during the period. Bank of Montreal Can boosted its stake in shares of United States Steel by 16.8% during the third quarter. Bank of Montreal Can now owns 63,203 shares of the basic materials company’s stock valued at $2,251,000 after purchasing an additional 9,112 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United States Steel by 1.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,422 shares of the basic materials company’s stock worth $2,241,000 after purchasing an additional 879 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after buying an additional 438,771 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in United States Steel by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock valued at $248,000 after buying an additional 321 shares in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Company Profile

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.