United States Steel Corporation (X) Downgraded by ValuEngine

ValuEngine downgraded shares of United States Steel Corporation (NYSE:X) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Several other research analysts also recently weighed in on the stock. Standpoint Research downgraded shares of United States Steel Corporation from a buy rating to a reduce rating in a research note on Tuesday, September 5th. BidaskClub raised shares of United States Steel Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. BMO Capital Markets boosted their target price on shares of United States Steel Corporation from $29.00 to $33.00 and gave the company a market perform rating in a research note on Thursday, November 2nd. Axiom Securities reissued a sell rating on shares of United States Steel Corporation in a research note on Thursday, July 13th. Finally, Cowen and Company raised shares of United States Steel Corporation from an underperform rating to a market perform rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $29.34.

Shares of United States Steel Corporation (NYSE X) opened at $27.46 on Thursday. The company has a market cap of $4,806.22, a price-to-earnings ratio of 19.21 and a beta of 2.96. United States Steel Corporation has a 1 year low of $18.55 and a 1 year high of $41.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. sell-side analysts predict that United States Steel Corporation will post 1.8 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 9th. United States Steel Corporation’s dividend payout ratio (DPR) is currently 29.85%.

In other news, Director Murry Gerber purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of $26.89 per share, with a total value of $107,560.00. Following the transaction, the director now owns 168,457 shares in the company, valued at approximately $4,529,808.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin Bradley purchased 22,835 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the transaction, the chief financial officer now owns 30,415 shares in the company, valued at approximately $840,062.30. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 64,597 shares of company stock valued at $1,764,452. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its position in United States Steel Corporation by 3.2% in the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock worth $218,000 after buying an additional 308 shares during the period. Capstone Asset Management Co. increased its position in United States Steel Corporation by 3.6% in the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after buying an additional 540 shares during the period. Public Employees Retirement Association of Colorado increased its position in United States Steel Corporation by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock worth $722,000 after buying an additional 606 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in United States Steel Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after buying an additional 674 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in United States Steel Corporation by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock worth $1,157,000 after buying an additional 889 shares during the period. 66.28% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Corporation Company Profile

United States Steel Corporation 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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