U.S. Steel (NYSE:X) Lowered to Hold at ValuEngine

ValuEngine lowered shares of U.S. Steel (NYSE:X) from a buy rating to a hold rating in a research report sent to investors on Monday, April 2nd.

A number of other research analysts also recently issued reports on X. Morgan Stanley dropped their price target on shares of U.S. Steel from $46.00 to $42.00 and set an overweight rating on the stock in a research report on Tuesday, February 6th. Cowen restated a market perform rating and issued a $41.00 price target (up previously from $40.00) on shares of U.S. Steel in a research report on Thursday, February 1st. Credit Suisse Group boosted their price target on shares of U.S. Steel from $34.00 to $48.00 and gave the stock an outperform rating in a research report on Tuesday, January 30th. Longbow Research upgraded shares of U.S. Steel from a neutral rating to a buy rating in a research report on Wednesday, December 20th. Finally, Argus reiterated a buy rating and set a $52.00 target price (up previously from $41.00) on shares of U.S. Steel in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $40.21.

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X traded up $0.61 during trading on Monday, reaching $36.36. 8,586,048 shares of the company’s stock were exchanged, compared to its average volume of 13,453,119. U.S. Steel has a one year low of $18.55 and a one year high of $47.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11. The firm has a market capitalization of $6,245.61, a price-to-earnings ratio of 18.76, a PEG ratio of 0.89 and a beta of 2.97.



U.S. Steel (NYSE:X) last posted its earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. U.S. Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. equities research analysts predict that U.S. Steel will post 4.99 EPS for the current year.

In other news, VP David J. Rintoul sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the sale, the vice president now owns 35,809 shares in the company, valued at approximately $1,432,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David B. Burritt sold 35,040 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $43.95, for a total transaction of $1,540,008.00. Following the completion of the sale, the chief executive officer now owns 183,191 shares of the company’s stock, valued at approximately $8,051,244.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,959 shares of company stock worth $4,465,141. Corporate insiders own 1.01% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. grew its position in U.S. Steel by 1.1% during the fourth quarter. American International Group Inc. now owns 361,380 shares of the basic materials company’s stock valued at $12,717,000 after buying an additional 4,063 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in U.S. Steel by 7.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 752,227 shares of the basic materials company’s stock valued at $26,471,000 after purchasing an additional 49,542 shares during the last quarter. Elkfork Partners LLC purchased a new stake in U.S. Steel during the fourth quarter valued at about $540,000. MUFG Americas Holdings Corp purchased a new stake in U.S. Steel during the fourth quarter valued at about $289,000. Finally, Bank of New York Mellon Corp lifted its holdings in U.S. Steel by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 1,970,333 shares of the basic materials company’s stock valued at $50,558,000 after purchasing an additional 41,931 shares during the last quarter. Institutional investors own 68.29% of the company’s stock.

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U.S. Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for U.S. Steel (NYSE:X)

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