Analysts Set United States Steel Co. (NYSE:X) Price Target at $39.76

United States Steel Co. (NYSE:X) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.76.

X has been the subject of several research reports. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Friday, September 6th. Jefferies Financial Group reduced their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Finally, StockNews.com assumed coverage on United States Steel in a report on Monday, August 19th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On United States Steel

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of United States Steel in the second quarter valued at about $26,000. Riverview Trust Co acquired a new stake in United States Steel in the 1st quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. bought a new position in United States Steel in the 1st quarter worth approximately $41,000. Blue Trust Inc. lifted its holdings in shares of United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after buying an additional 773 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in shares of United States Steel in the fourth quarter worth $44,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Price Performance

NYSE X opened at $38.96 on Tuesday. The company has a 50-day moving average price of $38.09 and a two-hundred day moving average price of $38.63. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 11.43 and a beta of 1.88. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business’s revenue was down 17.8% on a year-over-year basis. During the same period last year, the firm posted $1.92 earnings per share. Analysts forecast that United States Steel will post 2.15 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s dividend payout ratio is currently 5.87%.

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.