Shares of United States Steel Co. (NYSE:X) have been given an average recommendation of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.40.
A number of equities research analysts have weighed in on X shares. Deutsche Bank set a $18.00 target price on shares of Commercial Metals and gave the stock a “buy” rating in a report on Thursday, May 30th. Vertical Group raised shares of United States Steel from a “sell” rating to a “buy” rating in a report on Wednesday, June 19th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Bank of America set a $77.00 target price on shares of Zscaler and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Credit Suisse Group set a $170.00 target price on shares of Accenture and gave the stock a “hold” rating in a report on Tuesday, April 9th.
Several large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in United States Steel by 1,151.3% during the first quarter. Quadrant Capital Group LLC now owns 2,440 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 2,245 shares in the last quarter. Truvestments Capital LLC acquired a new position in United States Steel during the first quarter worth $67,000. Investors Research Corp acquired a new position in United States Steel during the first quarter worth $76,000. Exane Derivatives raised its holdings in United States Steel by 122.3% during the first quarter. Exane Derivatives now owns 8,095 shares of the basic materials company’s stock worth $158,000 after buying an additional 4,454 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in United States Steel by 26.5% during the first quarter. Advisory Services Network LLC now owns 8,822 shares of the basic materials company’s stock worth $172,000 after buying an additional 1,850 shares during the last quarter. 62.66% of the stock is currently owned by institutional investors.
United States Steel (NYSE:X) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.30. United States Steel had a net margin of 7.92% and a return on equity of 24.72%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that United States Steel will post 0.79 earnings per share for the current fiscal year.
About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.
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