JPMorgan Chase & Co. reaffirmed their overweight rating on shares of United States Steel Co. (NYSE:X) in a research report sent to investors on Wednesday morning. They currently have a $46.00 price objective on the stock, up from their prior price objective of $39.00.
A number of other equities research analysts have also commented on X. Vetr upgraded United States Steel from a hold rating to a buy rating and set a $34.75 price target on the stock in a research report on Monday, January 2nd. Axiom Securities restated a sell rating on shares of United States Steel in a research report on Thursday, March 16th. Rosenblatt Securities restated a neutral rating and set a $35.00 price target on shares of United States Steel in a research report on Monday, February 27th. Credit Suisse Group AG restated an outperform rating on shares of United States Steel in a research report on Wednesday, December 7th. Finally, Deutsche Bank AG increased their price target on United States Steel from $40.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday, March 21st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. United States Steel presently has a consensus rating of Hold and an average price target of $32.30.
United States Steel (NYSE:X) opened at 32.28 on Wednesday. United States Steel has a one year low of $12.77 and a one year high of $41.83. The firm’s market capitalization is $5.63 billion. The company has a 50 day moving average price of $36.90 and a 200-day moving average price of $29.40.
United States Steel (NYSE:X) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.26. United States Steel had a negative return on equity of 11.36% and a negative net margin of 4.29%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company posted ($0.23) EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that United States Steel will post $2.74 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, February 8th. United States Steel’s dividend payout ratio is -6.83%.
A number of hedge funds and other institutional investors have recently bought and sold shares of X. Diligent Investors LLC purchased a new position in United States Steel during the fourth quarter valued at about $404,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in United States Steel during the third quarter worth $103,000. Tyers Asset Management LLC bought a new position in United States Steel during the fourth quarter worth $196,000. Bluestein R H & Co. bought a new position in United States Steel during the fourth quarter worth $214,000. Finally, First Allied Advisory Services Inc. bought a new position in United States Steel during the fourth quarter worth $223,000. 77.18% of the stock is currently owned by hedge funds and other institutional investors.
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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