Vertical Group assumed coverage on shares of United States Steel (NYSE:X) in a report published on Tuesday, January 30th, Marketbeat.com reports. The brokerage issued a sell rating and a $25.00 price target on the basic materials company’s stock.
X has been the topic of a number of other reports. BMO Capital Markets raised their price target on United States Steel from $29.00 to $33.00 and gave the company a market perform rating in a report on Thursday, November 2nd. ValuEngine raised United States Steel from a hold rating to a buy rating in a research note on Sunday, December 31st. Cowen raised United States Steel from an underperform rating to a market perform rating and raised their target price for the company from $20.00 to $28.00 in a research note on Thursday, November 2nd. Longbow Research raised United States Steel from a neutral rating to a buy rating in a research note on Wednesday, December 20th. Finally, Bank of America set a $46.00 target price on United States Steel and gave the company a buy rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $32.47.
United States Steel (NYSE X) opened at $38.69 on Tuesday. The company has a market capitalization of $6,770.00, a price-to-earnings ratio of 17.75, a PEG ratio of 1.14 and a beta of 3.08. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. United States Steel has a fifty-two week low of $18.55 and a fifty-two week high of $41.83.
United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. sell-side analysts predict that United States Steel will post 3.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be given a $0.05 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is 9.17%.
In related news, CEO David B. Burritt sold 36,072 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the transaction, the chief executive officer now owns 166,411 shares in the company, valued at approximately $6,648,119.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David J. Rintoul sold 10,000 shares of the 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 transaction, the vice president now owns 35,809 shares of the company’s stock, valued at approximately $1,432,360. The disclosure for this sale can be found here. Insiders sold a total of 128,706 shares of company stock valued at $4,653,456 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in United States Steel by 22.0% in the 3rd quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock worth $849,000 after acquiring an additional 5,961 shares in the last quarter. Stifel Financial Corp lifted its stake in United States Steel by 304.0% in the 2nd quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock worth $3,531,000 after acquiring an additional 120,248 shares in the last quarter. California State Teachers Retirement System lifted its stake in United States Steel by 1.9% in the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after acquiring an additional 6,028 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in United States Steel by 1,032.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock worth $2,547,000 after acquiring an additional 104,872 shares in the last quarter. Finally, Honeywell International Inc. lifted its stake in United States Steel by 20.1% in the 3rd quarter. Honeywell International Inc. now owns 600,400 shares of the basic materials company’s stock worth $15,406,000 after acquiring an additional 100,400 shares in the last quarter. 64.31% of the stock is owned by hedge funds and other institutional investors.
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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).
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