United States Steel (NYSE:X) Price Target Raised to $43.00

United States Steel (NYSE:X) had its price target lifted by JPMorgan Chase & Co. from $40.00 to $43.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

X has been the topic of several other reports. Jefferies Financial Group lowered their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley boosted their target price on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. BMO Capital Markets reduced their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, United States Steel presently has a consensus rating of “Moderate Buy” and an average price target of $40.70.

United States Steel Price Performance

Shares of NYSE:X opened at $37.51 on Tuesday. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $43.35. The business has a 50-day moving average of $36.92 and a two-hundred day moving average of $36.65. The stock has a market capitalization of $8.45 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, equities research analysts predict that United States Steel will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio is 13.42%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock valued at $25,000 after buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel in the 4th quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the 4th quarter valued at about $30,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the 4th quarter valued at about $31,000. Finally, Lee Danner & Bass Inc. acquired a new stake in United States Steel in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.