United States Steel (NYSE:X) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of United States Steel (NYSE:X) in a research report sent to investors on Monday. The brokerage issued a hold rating on the basic materials company’s stock.

Several other research analysts have also issued reports on X. Wolfe Research raised shares of United States Steel from a peer perform rating to an outperform rating and set a $46.00 target price on the stock in a research note on Tuesday, April 9th. BMO Capital Markets cut their price objective on shares of United States Steel from $55.00 to $45.00 and set a market perform rating on the stock in a research report on Tuesday, March 19th. JPMorgan Chase & Co. began coverage on United States Steel in a research report on Friday, January 12th. They issued a neutral rating and a $52.00 target price for the company. Finally, Morgan Stanley downgraded United States Steel from an overweight rating to an equal weight rating and raised their target price for the stock from $40.00 to $51.00 in a research note on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $37.89.

United States Steel Stock Performance

Shares of United States Steel stock opened at $36.98 on Monday. The company has a market cap of $8.31 billion, a P/E ratio of 10.54 and a beta of 2.01. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $42.26 and a two-hundred day moving average price of $41.47. United States Steel has a 1-year low of $20.40 and a 1-year high of $50.20.

United States Steel (NYSE:X) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, analysts anticipate that United States Steel will post 2.99 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s dividend payout ratio (DPR) is 5.70%.

Institutional Trading of United States Steel

Institutional investors and hedge funds have recently made changes to their positions in the stock. Third Point LLC bought a new stake in United States Steel in the 3rd quarter worth approximately $154,280,000. Norges Bank bought a new stake in shares of United States Steel in the 4th quarter worth approximately $200,952,000. KRYGER CAPITAL Ltd purchased a new stake in shares of United States Steel in the 4th quarter valued at $95,529,000. Laurion Capital Management LP bought a new position in shares of United States Steel during the 3rd quarter valued at $50,912,000. Finally, Segantii Capital Management Ltd bought a new position in shares of United States Steel during the fourth quarter valued at about $68,840,000. Hedge funds and other 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.