United States Steel Corporation (X) Upgraded by Cowen and Company to “Market Perform”

United States Steel Corporation (NYSE:X) was upgraded by research analysts at Cowen and Company from an “underperform” rating to a “market perform” rating in a research report issued on Thursday, November 2nd, Marketbeat reports. The brokerage presently has a $28.00 price objective on the basic materials company’s stock, up from their previous price objective of $20.00. Cowen and Company’s target price would indicate a potential downside of 0.57% from the company’s previous close.

Several other research analysts also recently weighed in on X. BidaskClub raised shares of United States Steel Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corporation in a report on Thursday, July 13th. Longbow Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of United States Steel Corporation in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $33.00 price objective on shares of United States Steel Corporation in a report on Wednesday, July 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of United States Steel Corporation in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.34.

Shares of United States Steel Corporation (NYSE:X) traded up $0.31 during trading on Thursday, reaching $28.16. 7,173,597 shares of the company traded hands, compared to its average volume of 16,841,873. The company has a market cap of $4,930.00, a P/E ratio of 19.08 and a beta of 2.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel Corporation has a one year low of $18.55 and a one year high of $41.83.

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

ILLEGAL ACTIVITY WARNING: “United States Steel Corporation (X) Upgraded by Cowen and Company to “Market Perform”” was originally published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://baseballnewssource.com/markets/united-states-steel-corporation-x-upgraded-to-market-perform-at-cowen-and-company/1751168.html.

In other news, CFO Kevin Bradley acquired 36,762 shares of United States Steel Corporation stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $27.23 per share, with a total value of $1,001,029.26. Following the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at approximately $828,200.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugene Sperling bought 1,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the transaction, the director now owns 3,009 shares of the company’s stock, valued at approximately $75,706.44. The disclosure for this purchase can be found here. Insiders purchased a total of 64,597 shares of company stock worth $1,764,452 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Advisor Group Inc. increased its position in shares of United States Steel Corporation by 3.2% during the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 308 shares during the period. Capstone Asset Management Co. increased its position in shares of United States Steel Corporation by 3.6% during the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 540 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of United States Steel Corporation by 1.9% during 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 acquiring an additional 606 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel Corporation by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in shares of United States Steel Corporation by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock worth $1,157,000 after acquiring an additional 889 shares during the period. 64.73% of the stock is currently owned by institutional investors and hedge funds.

About United States Steel Corporation

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).

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

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.