United States Steel Co. (NYSE:X) Receives Average Rating of “Hold” from Brokerages

United States Steel Co. (NYSE:X) has received an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.40.

X has been the topic of several analyst reports. Vertical Group raised shares of United States Steel from a “sell” rating to a “buy” rating in a report on Wednesday, June 19th. Goldman Sachs Group downgraded shares of United States Steel from a “neutral” rating to a “sell” rating and reduced their target price for the company from $17.00 to $11.00 in a research note on Tuesday, June 4th. ValuEngine downgraded shares of United States Steel from a “sell” rating to a “strong sell” rating in a research note on Friday, August 16th. BMO Capital Markets restated a “market perform” rating on shares of United States Steel in a research note on Monday, May 6th. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of United States Steel from a “neutral” rating to a “sell” rating and reduced their target price for the company from $22.00 to $10.00 in a research note on Wednesday, May 8th.

Several hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of United States Steel by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 125,118 shares of the basic materials company’s stock valued at $1,916,000 after acquiring an additional 734 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of United States Steel by 2.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,940 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 779 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of United States Steel by 5.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 18,051 shares of the basic materials company’s stock valued at $276,000 after acquiring an additional 880 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV increased its stake in shares of United States Steel by 7.1% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 15,045 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 1,000 shares during the last quarter. Finally, World Asset Management Inc increased its stake in shares of United States Steel by 9.1% in the 2nd quarter. World Asset Management Inc now owns 12,889 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 1,071 shares during the last quarter. 62.34% of the stock is owned by institutional investors.

X stock traded down $0.62 on Friday, reaching $11.18. 10,698,369 shares of the company were exchanged, compared to its average volume of 12,275,360. United States Steel has a 12 month low of $10.85 and a 12 month high of $31.39. The stock’s fifty day moving average price is $13.59 and its 200 day moving average price is $16.58. The firm has a market capitalization of $2.01 billion, a PE ratio of 2.09, a PEG ratio of 2.16 and a beta of 2.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 0.74.

United States Steel (NYSE:X) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.43 billion. United States Steel had a net margin of 6.95% and a return on equity of 19.27%. United States Steel’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, research analysts expect that United States Steel will post 0.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.20 annualized dividend and a yield of 1.79%. United States Steel’s dividend payout ratio is currently 3.73%.

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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Analyst Recommendations for United States Steel (NYSE:X)

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