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

United States Steel Co. (NYSE:X) has received an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.70.

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

Hedge Funds Weigh In On United States Steel

A number of institutional investors have recently modified their holdings of X. Bessemer Group Inc. raised its holdings in shares of United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in United States Steel in the 4th quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in United States Steel in the 4th quarter worth about $30,000. Parkworth Wealth Management Inc. acquired a new position in United States Steel in the 4th quarter worth about $31,000. Finally, Lee Danner & Bass Inc. acquired a new position in United States Steel in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Up 3.2 %

X stock opened at $40.24 on Tuesday. The business’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $36.66. The firm has a market capitalization of $9.06 billion, a PE ratio of 27.01, a PEG ratio of 1.53 and a beta of 1.86. United States Steel has a 1-year low of $26.92 and a 1-year high of $43.35. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last released its quarterly 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 net margin of 2.46% and a return on equity of 4.27%. As a group, research analysts anticipate that United States Steel will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel’s dividend payout ratio (DPR) 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.