United States Steel Co. (NYSE:X) has earned an average rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.31.
A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of United States Steel from $36.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, November 5th. They noted that the move was a valuation call. TD Securities reissued an “average” rating on shares of United States Steel in a report on Monday, November 12th. ValuEngine raised shares of United States Steel from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Longbow Research cut their price target on shares of United States Steel from $49.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 27th. Finally, Citigroup cut their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 6th.
Shares of United States Steel stock traded up $0.22 during trading on Wednesday, hitting $22.17. 137,271 shares of the stock were exchanged, compared to its average volume of 11,155,423. The firm has a market capitalization of $3.89 billion, a P/E ratio of 4.13, a P/E/G ratio of 0.97 and a beta of 2.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 1.51. United States Steel has a 12 month low of $17.08 and a 12 month high of $47.64.
United States Steel (NYSE:X) last announced its earnings results on Wednesday, January 30th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.83 by ($0.01). The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a net margin of 7.86% and a return on equity of 25.39%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, sell-side analysts forecast that United States Steel will post 2.84 earnings per share for the current year.
United States Steel announced that its board has initiated a stock repurchase plan on Thursday, November 1st that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the basic materials company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, February 12th. United States Steel’s payout ratio is presently 3.73%.
In other United States Steel news, VP James E. Bruno sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $25.75, for a total transaction of $309,000.00. Following the completion of the transaction, the vice president now owns 54,137 shares of the company’s stock, valued at approximately $1,394,027.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Bradley bought 10,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were purchased at an average cost of $20.33 per share, with a total value of $203,300.00. Following the transaction, the chief financial officer now owns 112,830 shares in the company, valued at $2,293,833.90. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. We Are One Seven LLC bought a new stake in United States Steel in the fourth quarter valued at about $25,000. Quantamental Technologies LLC bought a new stake in United States Steel in the fourth quarter valued at about $33,000. Rational Advisors LLC increased its stake in United States Steel by 999.7% in the fourth quarter. Rational Advisors LLC now owns 3,453 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 3,139 shares during the period. Oregon Public Employees Retirement Fund increased its stake in United States Steel by 1,747.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,290,225 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 1,220,388 shares during the period. Finally, Destination Wealth Management bought a new stake in United States Steel in the fourth quarter valued at about $84,000. 65.11% of the stock is owned by institutional investors and hedge funds.
United States 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.
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