United States Steel Co. (NYSE:X) Given Average Rating of “Buy” by Analysts

United States Steel Co. (NYSE:X) has received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.37.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $42.00 in a report on Monday, September 9th. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, September 6th. Jefferies Financial Group reduced their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Finally, BMO Capital Markets reduced their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th.

Institutional Investors Weigh In On United States Steel

Several hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC bought a new position in United States Steel in the 2nd quarter worth about $26,000. Palouse Capital Management Inc. bought a new position in shares of United States Steel in the third quarter worth approximately $35,000. Gladius Capital Management LP bought a new position in shares of United States Steel in the third quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of United States Steel during the second quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of United States Steel during the third quarter valued at approximately $59,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

X stock opened at $31.03 on Thursday. The business has a 50 day moving average of $37.13 and a 200-day moving average of $37.46. The firm has a market cap of $6.99 billion, a PE ratio of 20.41 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 company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. United States Steel’s revenue for the quarter was down 13.0% on a year-over-year basis. As a group, sell-side analysts expect that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.64%. United States Steel’s payout ratio is 13.16%.

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.