United States Steel (NYSE:X) Upgraded at Glj Research

Glj Research upgraded shares of United States Steel (NYSE:X) from a sell rating to a buy rating in a research report sent to investors on Monday, Marketbeat Ratings reports. Glj Research currently has $38.57 price target on the basic materials company’s stock.

A number of other analysts also recently issued reports on X. StockNews.com began coverage on shares of United States Steel in a report on Monday, August 19th. They issued a hold rating for the company. Morgan Stanley upped their target price on United States Steel from $48.00 to $49.00 and gave the stock an overweight rating in a report on Thursday, August 15th. BMO Capital Markets raised shares of United States Steel from a market perform rating to an outperform rating and boosted their target price for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. Jefferies Financial Group cut their price objective on United States Steel from $47.00 to $41.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded United States Steel from a neutral rating to an overweight rating and increased their price target for the stock from $40.00 to $42.00 in a report on Monday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $39.76.

United States Steel Stock Up 7.0 %

Shares of United States Steel stock opened at $33.41 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. United States Steel has a 12 month low of $26.92 and a 12 month high of $50.20. The stock has a market cap of $7.51 billion, a PE ratio of 9.80 and a beta of 1.88. The business has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $39.16.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. United States Steel’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. Research analysts predict that United States Steel will post 2.19 EPS for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, August 12th. United States Steel’s payout ratio is 5.87%.

Institutional Investors Weigh In On United States Steel

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its holdings in United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after acquiring an additional 241 shares in the last quarter. Parallel Advisors LLC boosted its holdings in United States Steel by 28.7% in the 4th quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock worth $66,000 after buying an additional 304 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of United States Steel by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock valued at $97,000 after buying an additional 313 shares during the last quarter. Diversified Trust Co grew its holdings in United States Steel by 4.0% in the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after buying an additional 324 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of United States Steel by 8.3% in the 2nd quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company’s stock valued at $177,000 after buying an additional 360 shares during the period. 81.92% of the stock is owned by institutional investors.

About United States Steel

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.