Stock analysts at StockNews.com began coverage on shares of United States Steel (NYSE:X – Get Free Report) in a research report issued on Tuesday. The brokerage set a “hold” rating on the basic materials company’s stock.
X has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of United States Steel from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Morgan Stanley upgraded shares of United States Steel from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $51.00 to $48.00 in a research note on Monday. BMO Capital Markets cut their price target on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. Finally, Wolfe Research upgraded shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research note on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.00.
Check Out Our Latest Analysis on X
United States Steel Stock Performance
Hedge Funds Weigh In On United States Steel
Large investors have recently modified their holdings of the stock. Third Point LLC bought a new position in United States Steel during the third quarter worth about $154,280,000. Norges Bank bought a new position in United States Steel during the fourth quarter worth about $200,952,000. KRYGER CAPITAL Ltd bought a new position in United States Steel during the fourth quarter worth about $95,529,000. Laurion Capital Management LP bought a new position in United States Steel during the third quarter worth about $50,912,000. Finally, Segantii Capital Management Ltd bought a new position in United States Steel during the fourth quarter worth about $68,840,000. 81.92% of the stock is owned by institutional investors.
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.
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