United States Steel Co. (NYSE:X) CFO Kevin Bradley purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average price of $39.99 per share, for a total transaction of $799,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of X opened at $34.49 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6,066.20, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.92 and a beta of 2.97. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $47.64.
United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. equities research analysts forecast that United States Steel Co. will post 4.67 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of X. Chemical Bank bought a new stake in United States Steel in the 4th quarter valued at $208,000. Cambridge Investment Research Advisors Inc. boosted its holdings in United States Steel by 24.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 73,221 shares of the basic materials company’s stock valued at $2,577,000 after purchasing an additional 14,617 shares during the period. Fairfield Bush & CO. bought a new stake in United States Steel in the 4th quarter valued at $211,000. We Are One Seven LLC bought a new stake in United States Steel in the 4th quarter valued at $132,000. Finally, Banco de Sabadell S.A bought a new stake in United States Steel in the 4th quarter valued at $100,000. 68.27% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. Citigroup upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.55 to $47.64 in a research note on Monday, April 2nd. ValuEngine lowered shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of United States Steel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Goldman Sachs assumed coverage on shares of United States Steel in a research note on Tuesday, March 20th. They issued a “neutral” rating and a $45.00 price objective on the stock. Finally, Deutsche Bank upped their price objective on shares of United States Steel from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $40.11.
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About United States Steel
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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