United States Steel (NYSE:X) Given Equal Weight Rating at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of United States Steel (NYSE:X) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $39.00 price objective on the basic materials company’s stock.

Several other research firms have also commented on X. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, BMO Capital Markets decreased their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.82.

United States Steel Price Performance

Shares of NYSE:X opened at $36.48 on Monday. The company has a 50-day simple moving average of $35.24 and a 200-day simple moving average of $37.02. United States Steel has a one year low of $26.92 and a one year high of $48.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 24.48 and a beta of 1.86.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, analysts predict that United States Steel will post 1.75 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, February 10th. United States Steel’s payout ratio is presently 13.42%.

Institutional Trading of United States Steel

Several large investors have recently added to or reduced their stakes in X. Ameliora Wealth Management Ltd. acquired a new position in United States Steel during the 4th quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the fourth quarter valued at $30,000. Palouse Capital Management Inc. acquired a new stake in United States Steel during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of United States Steel during the fourth quarter worth $34,000. Finally, Gladius Capital Management LP acquired a new stake in shares of United States Steel during the third quarter worth $39,000. 81.92% of the stock is owned by institutional investors.

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.