KeyCorp reaffirmed their hold rating on shares of United States Steel (NYSE:X) in a research report sent to investors on Friday, November 17th.
A number of other brokerages have also weighed in on X. Bank of America set a $32.00 target price on shares of United States Steel and gave the stock a buy rating in a research report on Friday, October 20th. Macquarie began coverage on shares of United States Steel in a research report on Wednesday, September 6th. They set an outperform rating and a $31.00 price objective for the company. ValuEngine lowered shares of United States Steel from a buy rating to a hold rating in a research report on Thursday, November 9th. Standpoint Research downgraded shares of United States Steel from a buy rating to a reduce rating in a research note on Tuesday, September 5th. Finally, BMO Capital Markets reissued a market perform rating on shares of United States Steel in a research note on Friday, September 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $29.34.
Shares of United States Steel (X) traded up $0.54 on Friday, hitting $29.84. 10,943,137 shares of the stock were exchanged, compared to its average volume of 16,579,719. The company has a market cap of $5,220.00, a price-to-earnings ratio of 20.49 and a beta of 3.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel has a 52-week low of $18.55 and a 52-week high of $41.83.
United States Steel (NYSE:X) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. sell-side analysts expect that United States Steel will post 1.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 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 0.67%. The ex-dividend date of this dividend is Thursday, November 9th. United States Steel’s dividend payout ratio is presently 29.41%.
In other news, Director Eugene Sperling bought 1,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $25.16 per share, with a total value of $25,160.00. Following the acquisition, the director now directly owns 3,009 shares in the company, valued at $75,706.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Bradley purchased 36,762 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $27.23 per share, with a total value of $1,001,029.26. Following the acquisition, the chief financial officer now owns 30,415 shares in the company, valued at approximately $828,200.45. The disclosure for this purchase can be found here. Insiders have acquired a total of 60,597 shares of company stock valued at $1,656,892 over the last three months. 1.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Regal Investment Advisors LLC increased its stake in United States Steel by 29.2% during the second quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock worth $535,000 after purchasing an additional 5,460 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in United States Steel by 150.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 34,209 shares in the last quarter. Skylands Capital LLC acquired a new position in United States Steel in the second quarter valued at approximately $684,000. California State Teachers Retirement System boosted its holdings in United States Steel by 1.9% in the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after purchasing an additional 6,028 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in United States Steel by 304.0% in the second quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after purchasing an additional 120,248 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
TRADEMARK VIOLATION WARNING: “United States Steel’s (NYSE:X) “Hold” Rating Reiterated at KeyCorp” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/04/united-states-steel-corporation-x-stock-rating-reaffirmed-by-keycorp.html.
United States Steel 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).
Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.