United States Steel Co. (NYSE:X) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

United States Steel Co. (NYSE:X) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.76.

X has been the subject of several research reports. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 9th. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. Jefferies Financial Group lowered their price objective on shares of 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. StockNews.com initiated coverage on shares of United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. Finally, Morgan Stanley boosted their price objective on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th.

Institutional Investors Weigh In On United States Steel

A number of institutional investors have recently modified their holdings of X. Rothschild Investment LLC bought a new stake in shares of United States Steel during the 2nd quarter valued at about $26,000. Riverview Trust Co bought a new position in United States Steel in the 1st quarter worth about $29,000. Newbridge Financial Services Group Inc. bought a new position in United States Steel in the 1st quarter worth about $41,000. Blue Trust Inc. grew its position in United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 773 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new position in United States Steel in the 4th quarter worth about $44,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

X stock opened at $38.96 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel has a 12-month low of $26.92 and a 12-month high of $50.20. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 11.43 and a beta of 1.88. The firm has a 50 day moving average of $38.09 and a 200-day moving average of $38.63.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. As a group, equities analysts expect that United States Steel will post 2.15 EPS for the current fiscal 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 $0.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

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.