Goldman Sachs initiated coverage on shares of United States Steel (NYSE:X) in a report published on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $45.00 target price on the basic materials company’s stock.
Several other equities analysts have also weighed in on X. JPMorgan Chase & Co. boosted their target price on shares of United States Steel from $48.00 to $69.00 in a report on Friday, March 9th. ValuEngine upgraded shares of United States Steel from a hold rating to a buy rating in a report on Thursday, December 7th. Longbow Research upgraded shares of United States Steel from a neutral rating to a buy rating in a report on Wednesday, December 20th. Bank of America set a $46.00 target price on shares of United States Steel and gave the company a buy rating in a report on Monday, January 8th. Finally, Argus reiterated a buy rating and issued a $52.00 target price (up from $41.00) on shares of United States Steel in a report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. United States Steel currently has a consensus rating of Hold and an average target price of $37.57.
United States Steel (NYSE X) opened at $33.94 on Tuesday. The firm has a market cap of $6,817.23, a PE ratio of 15.57, a P/E/G ratio of 1.09 and a beta of 2.79. United States Steel has a 52-week low of $18.55 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75.
United States Steel (NYSE:X) last posted its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. United States Steel’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. analysts anticipate that United States Steel will post 4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is 9.17%.
In other news, VP Sara A. Greenstein sold 2,613 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $45.33, for a total value of $118,447.29. Following the sale, the vice president now directly owns 51,250 shares of the company’s stock, valued at approximately $2,323,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara A. Greenstein sold 2,757 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $45.05, for a total transaction of $124,202.85. Following the completion of the sale, the vice president now directly owns 35,282 shares in the company, valued at $1,589,454.10. The disclosure for this sale can be found here. Insiders sold a total of 133,595 shares of company stock worth $5,427,450 over the last three months. Insiders own 1.01% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Banco de Sabadell S.A purchased a new stake in United States Steel during the 4th quarter worth approximately $100,000. We Are One Seven LLC purchased a new stake in United States Steel during the 4th quarter worth approximately $132,000. CoreCommodity Management LLC purchased a new stake in United States Steel during the 4th quarter worth approximately $152,000. US Bancorp DE increased its stake in United States Steel by 81.2% during the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after buying an additional 2,045 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in United States Steel during the 4th quarter worth approximately $201,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/03/24/united-states-steel-x-now-covered-by-goldman-sachs.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.