United States Steel Co. (NYSE:X) Receives Average Rating of “Moderate Buy” from Analysts

United States Steel Co. (NYSE:X) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $40.62.

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. 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 report on Monday, September 9th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Friday, September 6th. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $45.00 in a report on Wednesday, June 26th. Finally, Morgan Stanley boosted their target price on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 15th.

Institutional Investors Weigh In On United States Steel

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of United States Steel by 176.4% during the third quarter. Blue Trust Inc. now owns 2,767 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,766 shares during the last quarter. Vontobel Holding Ltd. raised its stake in United States Steel by 103.7% during the third quarter. Vontobel Holding Ltd. now owns 18,971 shares of the basic materials company’s stock valued at $670,000 after purchasing an additional 9,660 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of United States Steel in the third quarter valued at $327,000. Creative Planning raised its stake in shares of United States Steel by 2.0% in the third quarter. Creative Planning now owns 18,340 shares of the basic materials company’s stock valued at $648,000 after acquiring an additional 360 shares during the period. Finally, Lake Hills Wealth Management LLC raised its stake in shares of United States Steel by 47.4% in the third quarter. Lake Hills Wealth Management LLC now owns 9,464 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 3,045 shares during the period. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Up 0.0 %

NYSE:X opened at $37.81 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $8.51 billion, a PE ratio of 16.88 and a beta of 1.87. The firm’s 50 day moving average is $36.72 and its 200 day moving average is $37.88. United States Steel has a 12 month low of $26.92 and a 12 month high of $50.20.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. United States Steel’s revenue was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Sell-side analysts expect that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s payout ratio is 8.93%.

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.