United States Steel Co. (NYSE:X) Receives $39.82 Average PT from Analysts

Shares of United States Steel Co. (NYSE:X) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.82.

A number of research analysts recently commented on X shares. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a report on Monday, February 3rd. Jefferies Financial Group decreased their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America started coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th.

United States Steel Stock Performance

NYSE X opened at $37.94 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel has a 1-year low of $26.92 and a 1-year high of $48.13. The business has a 50 day simple moving average of $35.13 and a two-hundred day simple moving average of $36.91. The stock has a market capitalization of $8.54 billion, a PE ratio of 25.46, a P/E/G ratio of 1.55 and a beta of 1.86.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, research analysts predict that United States Steel will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s payout ratio is presently 13.42%.

Institutional Investors Weigh In On United States Steel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in X. Norges Bank bought a new stake in shares of United States Steel during the fourth quarter valued at approximately $130,731,000. Castle Hook Partners LP purchased a new position in United States Steel during the 3rd quarter worth $91,712,000. Forest Avenue Capital Management LP bought a new stake in United States Steel during the 4th quarter valued at $50,795,000. Holocene Advisors LP purchased a new stake in shares of United States Steel in the 3rd quarter worth $51,620,000. Finally, NWI Management LP bought a new position in shares of United States Steel during the 4th quarter worth $48,946,000. Institutional investors own 81.92% of the company’s stock.

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.