United States Steel Corporation (X) Stock Rating Reaffirmed by KeyCorp

United States Steel Corporation (NYSE:X)‘s stock had its “hold” rating reissued by KeyCorp in a research report issued on Friday.

X has been the topic of a number of other reports. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price target on shares of United States Steel Corporation in a research report on Thursday, August 31st. BidaskClub raised shares of United States Steel Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America Corporation raised shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Cowen and Company reissued a “hold” rating and set a $24.00 price target on shares of United States Steel Corporation in a research report on Friday, September 1st. Finally, BMO Capital Markets lifted their price target on shares of United States Steel Corporation from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.34.

United States Steel Corporation (NYSE:X) opened at $27.28 on Friday. United States Steel Corporation has a 52 week low of $18.55 and a 52 week high of $41.83. The stock has a market cap of $4,750.00, a P/E ratio of 18.65 and a beta of 2.96. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. equities research analysts predict that United States Steel Corporation will post 1.8 EPS for the current year.

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In other United States Steel Corporation news, Director Murry Gerber purchased 4,000 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the purchase, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eugene Sperling acquired 1,000 shares of the stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the director now directly owns 3,009 shares in the company, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders acquired a total of 64,597 shares of company stock worth $1,764,452 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC increased its stake in shares of United States Steel Corporation by 29.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock worth $535,000 after purchasing an additional 5,460 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of United States Steel Corporation by 150.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock worth $1,259,000 after purchasing an additional 34,209 shares during the last quarter. Skylands Capital LLC acquired a new position in shares of United States Steel Corporation during the 2nd quarter worth about $684,000. Stifel Financial Corp increased its stake in shares of United States Steel Corporation by 304.0% during the 2nd quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock worth $3,531,000 after purchasing an additional 120,248 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of United States Steel Corporation by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after purchasing an additional 6,028 shares during the last quarter. Institutional investors own 66.28% of the company’s stock.

United States Steel Corporation 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).

Analyst Recommendations for United States Steel Corporation (NYSE:X)

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