United States Steel Co. (NYSE:X – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $39.76.
A number of research analysts recently issued reports on the company. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Friday, September 6th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research report on Monday, September 9th. Jefferies Financial Group reduced their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th.
Read Our Latest Stock Analysis on United States Steel
Institutional Trading of United States Steel
United States Steel Price Performance
Shares of X opened at $38.59 on Tuesday. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 11.32 and a beta of 1.88. The stock has a 50 day moving average of $38.09 and a 200-day moving average of $38.51. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20.
United States Steel (NYSE:X – Get Free Report) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The business’s revenue was down 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. As a group, analysts forecast that United States Steel will post 2.15 EPS for the current year.
United States Steel Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, August 12th. United States Steel’s payout ratio is currently 5.87%.
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.
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