United States Steel (NYSE:X) Research Coverage Started at StockNews.com

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

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

United States Steel Price Performance

United States Steel stock opened at $36.60 on Friday. United States Steel has a 12 month low of $20.40 and a 12 month high of $50.20. The stock’s 50 day moving average is $42.78 and its 200-day moving average is $41.33. 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 company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 10.43 and a beta of 2.00.

United States Steel (NYSE:X) last posted its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.21 by $0.46. The company had revenue of $4.14 billion for 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 quarter in the prior year, the business earned $0.87 earnings per share. Equities research analysts expect 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 issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. United States Steel’s payout ratio is 5.70%.

Institutional Trading of United States Steel

A number of institutional investors and hedge funds have recently bought and sold shares of X. National Bank of Canada FI increased its holdings in United States Steel by 2,145.4% in the third quarter. National Bank of Canada FI now owns 40,485 shares of the basic materials company’s stock valued at $1,326,000 after purchasing an additional 38,682 shares during the period. International Assets Investment Management LLC grew its holdings in United States Steel by 14.0% during the 3rd quarter. International Assets Investment Management LLC now owns 17,979 shares of the basic materials company’s stock worth $577,000 after acquiring an additional 2,202 shares during the period. CWM LLC grew its holdings in United States Steel by 51.1% during the 3rd quarter. CWM LLC now owns 2,828 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 957 shares during the period. DAVENPORT & Co LLC acquired a new stake in United States Steel during the 3rd quarter worth about $487,000. Finally, Nikulski Financial Inc. acquired a new stake in United States Steel during the 3rd quarter worth about $241,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.