United States Steel Co. (NYSE:X) has been given a consensus recommendation of “Hold” by the twenty analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.19.
Several equities analysts have issued reports on the company. Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and cut their target price for the company from $41.83 to $18.55 in a research note on Monday. Macquarie assumed coverage on United States Steel in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price on the stock. Standpoint Research lowered United States Steel from a “buy” rating to a “reduce” rating in a research note on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating on shares of United States Steel in a research note on Monday, September 18th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel in a research note on Friday, September 8th.
United States Steel (NYSE:X) traded down $0.16 on Friday, reaching $32.84. The company’s stock had a trading volume of 9,976,689 shares, compared to its average volume of 16,440,857. United States Steel has a 52 week low of $18.55 and a 52 week high of $41.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. The stock has a market capitalization of $5,750.00, a price-to-earnings ratio of 23.37 and a beta of 3.00.
United States Steel (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. research analysts predict that United States Steel will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. United States Steel’s payout ratio is 29.41%.
In related news, VP Colleen M. Darragh sold 9,700 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $291,000.00. Following the sale, the vice president now owns 19,136 shares in the company, valued at $574,080. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David J. Rintoul sold 10,883 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $33.50, for a total value of $364,580.50. Following the completion of the sale, the senior vice president now owns 61,279 shares in the company, valued at approximately $2,052,846.50. The disclosure for this sale can be found here. Insiders have sold 42,708 shares of company stock worth $1,349,921 in the last 90 days. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Regal Investment Advisors LLC boosted its position in United States Steel by 29.2% in the second quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after buying an additional 5,460 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in United States Steel by 150.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 34,209 shares during the last quarter. California State Teachers Retirement System boosted its position in United States Steel by 1.9% in the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after buying an additional 6,028 shares during the last quarter. Stifel Financial Corp boosted its position in United States Steel by 304.0% in the second quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after buying an additional 120,248 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its position in United States Steel by 1,032.0% in the second quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock valued at $2,547,000 after buying an additional 104,872 shares during the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
About United States Steel
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).
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