United States Steel Co. (NYSE:X) Receives $42.37 Consensus Price Target from Analysts

Shares of United States Steel Co. (NYSE:X) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $42.37.

Several research firms recently weighed in on X. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target 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 raised their target price for the company from $40.00 to $42.00 in a research report on Monday, September 9th. BMO Capital Markets dropped their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. 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 note on Thursday, September 5th. Finally, Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a research note on Monday, September 9th.

United States Steel Stock Up 9.5 %

Shares of X opened at $33.99 on Thursday. The firm has a market cap of $7.65 billion, a P/E ratio of 22.36 and a beta of 1.83. United States Steel has a 12 month low of $26.92 and a 12 month high of $48.85. The stock’s 50 day moving average is $36.92 and its two-hundred day moving average is $37.42. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. Analysts predict that United States Steel will post 2.17 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Investors Weigh In On United States Steel

A number of hedge funds have recently modified their holdings of X. Rothschild Investment LLC purchased a new position in United States Steel during the second quarter worth about $26,000. Palouse Capital Management Inc. acquired a new stake in shares of United States Steel during the 3rd quarter worth approximately $35,000. Gladius Capital Management LP purchased a new stake in shares of United States Steel during the 3rd quarter valued at approximately $39,000. Ashton Thomas Private Wealth LLC acquired a new position in United States Steel in the second quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in United States Steel in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

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.