United States Steel Co. (NYSE:X) had its target price hoisted by Deutsche Bank AG from $40.00 to $45.00 in a research note released on Tuesday morning. Deutsche Bank AG currently has a buy rating on the stock.
X has been the subject of several other research reports. Vetr raised United States Steel from a hold rating to a buy rating and set a $34.75 price target for the company in a report on Monday, January 2nd. Axiom Securities reissued a sell rating on shares of United States Steel in a report on Thursday, March 16th. Rosenblatt Securities reissued a neutral rating and set a $35.00 price target on shares of United States Steel in a report on Monday, February 27th. Credit Suisse Group AG reissued an outperform rating on shares of United States Steel in a report on Wednesday, December 7th. Finally, Citigroup Inc lowered United States Steel from a buy rating to a neutral rating and set a $37.00 price target for the company. in a report on Thursday, January 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $32.15.
Shares of United States Steel (NYSE:X) opened at 32.82 on Tuesday. The firm has a 50 day moving average price of $36.94 and a 200 day moving average price of $29.23. The stock’s market cap is $5.72 billion. United States Steel has a 12-month low of $12.77 and a 12-month high of $41.83.
United States Steel (NYSE:X) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business earned $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the company posted ($0.23) earnings per share. United States Steel’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts expect that United States Steel will post $2.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. United States Steel’s dividend payout ratio is currently -6.83%.
Large investors have recently bought and sold shares of the company. Diligent Investors LLC purchased a new stake in United States Steel during the fourth quarter worth approximately $404,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in United States Steel during the third quarter worth approximately $103,000. Tyers Asset Management LLC purchased a new stake in United States Steel during the fourth quarter worth approximately $196,000. Bluestein R H & Co. purchased a new stake in United States Steel during the fourth quarter worth approximately $214,000. Finally, First Allied Advisory Services Inc. purchased a new stake in United States Steel during the fourth quarter worth approximately $223,000. Institutional investors own 77.18% of the company’s stock.
United States Steel Company Profile
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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