United States Steel Co. (NYSE:X) Receives Average Rating of “Buy” from Brokerages

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

Several research analysts recently weighed in on X shares. BMO Capital Markets decreased their target price on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. 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 dropped their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Glj Research raised shares of 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. Finally, Morgan Stanley lifted their price target on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th.

United States Steel Price Performance

Shares of NYSE:X opened at $39.08 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $36.55 and its two-hundred day moving average is $37.68. The firm has a market capitalization of $8.79 billion, a P/E ratio of 25.71 and a beta of 1.86. 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 issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Analysts anticipate that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, November 8th. United States Steel’s payout ratio is presently 13.16%.

Institutional Investors Weigh In On United States Steel

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in United States Steel in the 2nd quarter worth approximately $26,000. Palouse Capital Management Inc. acquired a new position in United States Steel in the 3rd quarter valued at $35,000. Blue Trust Inc. grew its stake in United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock valued at $41,000 after buying an additional 773 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in United States Steel in the 2nd quarter valued at $46,000. Finally, Headlands Technologies LLC bought a new position in United States Steel in the 1st quarter worth $58,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.