United States Steel Co. (NYSE:X) Receives $40.32 Consensus Target Price from Analysts

Shares of United States Steel Co. (NYSE:X) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $40.70.

Several research analysts recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. BMO Capital Markets reduced their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th.

Hedge Funds Weigh In On United States Steel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empirical Asset Management LLC purchased a new position in United States Steel in the 4th quarter valued at approximately $525,000. ARS Investment Partners LLC acquired a new stake in shares of United States Steel in the 4th quarter valued at $15,510,000. Rockefeller Capital Management L.P. raised its holdings in shares of United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock valued at $17,902,000 after purchasing an additional 438,771 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of United States Steel by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock valued at $135,691,000 after purchasing an additional 37,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United States Steel by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after purchasing an additional 28,293 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

NYSE:X opened at $38.94 on Tuesday. United States Steel has a one year low of $26.92 and a one year high of $43.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.53 and a beta of 1.86. The firm’s fifty day moving average is $37.09 and its two-hundred day moving average is $36.65.

United States Steel (NYSE:X) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) 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%. Research analysts expect that United States Steel will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s payout ratio is currently 13.42%.

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.