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

United States Steel Co. (NYSE:X) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $42.80.

A number of research analysts have commented on X shares. Morgan Stanley boosted their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. BMO Capital Markets reduced their price objective on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research note on Monday, September 9th. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Friday, September 6th. Finally, Jefferies Financial Group cut their price target 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.

Institutional Investors Weigh In On United States Steel

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its position in shares of United States Steel by 31.9% during the 1st quarter. Cetera Advisors LLC now owns 12,438 shares of the basic materials company’s stock valued at $507,000 after acquiring an additional 3,010 shares during the last quarter. Mather Group LLC. lifted its position in shares of United States Steel by 3,673.0% during the 2nd quarter. Mather Group LLC. now owns 11,319 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 11,019 shares during the last quarter. Lake Hills Wealth Management LLC acquired a new stake in shares of United States Steel during the 2nd quarter valued at $243,000. CWM LLC lifted its position in shares of United States Steel by 54.5% during the 2nd quarter. CWM LLC now owns 3,856 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of United States Steel during the 2nd quarter valued at $7,171,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Price Performance

Shares of NYSE:X opened at $40.77 on Friday. The company has a market cap of $9.18 billion, a P/E ratio of 26.82 and a beta of 1.86. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20. The business has a fifty day simple moving average of $38.11 and a 200-day simple moving average of $37.92.

United States Steel (NYSE:X) last announced its quarterly earnings data 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 business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. Equities research analysts forecast that United States Steel will post 2.21 EPS 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 $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. United States Steel’s dividend payout ratio (DPR) is 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.