United States Steel (X) Downgraded to Sell at ValuEngine

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.

United States Steel (NYSE:X) last released its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.33. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.47 billion. United States Steel had a return on equity of 18.70% and a net margin of 4.09%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. On average, analysts expect that United States Steel will post 5.81 EPS for the current fiscal year.

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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Analyst Recommendations for United States Steel (NYSE:X)

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