United States Steel Corporation (NYSE:X) has received a consensus rating of “Hold” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.13.
X has been the subject of several research reports. Longbow Research cut United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, July 27th. Argus lifted their price objective on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a report on Friday, July 28th. Macquarie raised United States Steel Corporation from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $23.00 to $30.00 in a report on Monday, April 24th. Cowen and Company cut United States Steel Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $60.00 to $21.00 in a report on Wednesday, May 10th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of United States Steel Corporation in a report on Wednesday, June 7th.
Shares of United States Steel Corporation (NYSE X) traded down 1.00% during mid-day trading on Friday, hitting $23.84. The company had a trading volume of 10,981,079 shares. United States Steel Corporation has a 12 month low of $15.72 and a 12 month high of $41.83. The firm has a 50-day moving average price of $23.12 and a 200 day moving average price of $27.90. The firm has a market capitalization of $4.17 billion, a P/E ratio of 150.89 and a beta of 2.88.
United States Steel Corporation (NYSE:X) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. United States Steel Corporation’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) earnings per share. On average, equities research analysts forecast that United States Steel Corporation will post $1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation’s dividend payout ratio is currently 125.00%.
In other news, Director Paul Anthony Mascarenas purchased 1,500 shares of the stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $19.31 per share, with a total value of $28,965.00. Following the completion of the transaction, the director now owns 12,377 shares in the company, valued at $238,999.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen J. Girsky purchased 2,500 shares of the stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $19.94 per share, with a total value of $49,850.00. Following the transaction, the director now owns 21,872 shares of the company’s stock, valued at approximately $436,127.68. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 14,000 shares of company stock valued at $278,415. 1.00% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC increased its stake in United States Steel Corporation by 1.1% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,036 shares of the basic materials company’s stock worth $1,016,000 after buying an additional 315 shares during the period. World Asset Management Inc increased its stake in United States Steel Corporation by 2.6% in the first quarter. World Asset Management Inc now owns 13,485 shares of the basic materials company’s stock worth $456,000 after buying an additional 342 shares during the period. Texas Permanent School Fund increased its stake in United States Steel Corporation by 0.3% in the first quarter. Texas Permanent School Fund now owns 126,189 shares of the basic materials company’s stock worth $4,266,000 after buying an additional 407 shares during the period. Capstone Asset Management Co. increased its stake in United States Steel Corporation by 3.6% in the second quarter. Capstone Asset Management Co. now owns 15,371 shares of the basic materials company’s stock worth $340,000 after buying an additional 540 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in United States Steel Corporation by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock worth $722,000 after buying an additional 606 shares during the period. 69.08% of the stock is owned by hedge funds and other institutional investors.
United States Steel Corporation Company Profile
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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