United States Steel (NYSE:X) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday, October 2nd.
Several other research firms have also recently weighed in on X. Citigroup increased their price target on United States Steel from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded United States Steel from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, July 17th. TheStreet upgraded United States Steel from a “c” rating to a “b” rating in a research note on Thursday, August 2nd. Morgan Stanley lowered United States Steel from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $44.00 to $30.00 in a research note on Monday, August 27th. Finally, Credit Suisse Group reduced their price objective on United States Steel from $55.00 to $48.00 in a research note on Thursday, August 23rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. United States Steel currently has an average rating of “Hold” and a consensus target price of $41.08.
United States Steel stock opened at $29.51 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $5.40 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.66 and a beta of 3.11. United States Steel has a twelve month low of $24.45 and a twelve month high of $47.64.
Several large investors have recently made changes to their positions in the stock. Advisors Preferred LLC lifted its stake in United States Steel by 131.7% in the second quarter. Advisors Preferred LLC now owns 3,074 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,747 shares during the last quarter. NuWave Investment Management LLC bought a new stake in shares of United States Steel during the second quarter valued at approximately $189,000. Syntal Capital Partners LLC bought a new stake in shares of United States Steel during the second quarter valued at approximately $208,000. IFP Advisors Inc raised its stake in shares of United States Steel by 65.9% during the first quarter. IFP Advisors Inc now owns 6,051 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new stake in shares of United States Steel during the second quarter valued at approximately $212,000. 68.03% of the stock is owned by hedge funds and other institutional investors.
United States Steel Company Profile
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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