United States Steel (NYSE:X – Free Report) 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.
Get Our Latest Analysis on United States Steel
United States Steel Price Performance
United States Steel (NYSE:X – Get Free Report) 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.
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