United States Steel Co. (NYSE:X) Given Consensus Rating of “Buy” by Brokerages

Shares of United States Steel Co. (NYSE:X) have earned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.80.

Several analysts have recently commented on the company. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research note on Monday, September 9th. StockNews.com initiated coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating for the company. BMO Capital Markets cut their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group dropped their price objective on shares of 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in United States Steel by 125.0% in the third quarter. Larson Financial Group LLC now owns 2,887 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 1,604 shares during the last quarter. Algert Global LLC lifted its stake in United States Steel by 1.2% in the third quarter. Algert Global LLC now owns 125,714 shares of the basic materials company’s stock valued at $4,441,000 after purchasing an additional 1,550 shares during the last quarter. Cerity Partners LLC grew its holdings in United States Steel by 36.1% during the third quarter. Cerity Partners LLC now owns 12,613 shares of the basic materials company’s stock valued at $446,000 after purchasing an additional 3,344 shares during the period. Meridian Wealth Management LLC purchased a new stake in United States Steel in the third quarter worth $707,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United States Steel by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after buying an additional 28,293 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 0.6 %

NYSE X opened at $40.02 on Wednesday. The stock has a market capitalization of $9.01 billion, a P/E ratio of 26.33 and a beta of 1.86. The business has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $37.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a one year low of $26.92 and a one year high of $50.20.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. United States Steel’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. Research analysts expect that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. United States Steel’s dividend payout ratio is currently 13.16%.

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.