Investors purchased shares of United States Steel Co. (NYSE:X) on weakness during trading on Tuesday. $50.42 million flowed into the stock on the tick-up and $40.19 million flowed out of the stock on the tick-down, for a money net flow of $10.23 million into the stock. Of all companies tracked, United States Steel had the 12th highest net in-flow for the day. United States Steel traded down ($0.34) for the day and closed at $27.63
A number of brokerages have recently commented on X. Seaport Global Securities began coverage on shares of United States Steel in a report on Thursday, October 11th. They issued a “buy” rating and a $35.00 price target on the stock. Deutsche Bank lowered shares of United States Steel from a “buy” rating to a “hold” rating and decreased their price target for the stock from $47.00 to $35.00 in a report on Tuesday, October 2nd. ValuEngine lowered shares of United States Steel from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $44.00 to $30.00 in a report on Monday, August 27th. Finally, Credit Suisse Group decreased their price target on shares of United States Steel from $55.00 to $48.00 in a report on Thursday, August 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.72.
The company has a market cap of $5.40 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.66 and a beta of 3.11. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.
United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.33. United States Steel had a net margin of 4.09% and a return on equity of 18.70%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, analysts predict that United States Steel Co. will post 5.81 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in United States Steel by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,697,650 shares of the basic materials company’s stock valued at $163,244,000 after buying an additional 240,580 shares during the period. Natixis boosted its position in United States Steel by 23.9% during the 2nd quarter. Natixis now owns 131,487 shares of the basic materials company’s stock valued at $4,569,000 after buying an additional 25,328 shares during the period. James Investment Research Inc. boosted its position in United States Steel by 6.3% during the 2nd quarter. James Investment Research Inc. now owns 69,455 shares of the basic materials company’s stock valued at $2,414,000 after buying an additional 4,115 shares during the period. Zacks Investment Management purchased a new stake in United States Steel during the 2nd quarter valued at $218,000. Finally, Point72 Asset Management L.P. purchased a new stake in United States Steel during the 2nd quarter valued at $8,847,000. 68.03% of the stock is owned by institutional investors.
United States Steel Company Profile (NYSE:X)
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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