Shares of United States Steel Co. (NYSE:X) have been assigned a consensus rating of “Hold” from the twenty-one analysts that are presently covering the firm. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.72.
X has been the subject of several recent analyst reports. Axiom Securities restated a “sell” rating on shares of United States Steel in a research note on Tuesday, December 27th. Vetr downgraded United States Steel from a “hold” rating to a “sell” rating and set a $34.75 price target for the company. in a research note on Tuesday, December 27th. Rosenblatt Securities cut United States Steel from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Credit Suisse Group AG cut United States Steel from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $30.00 in a report on Thursday, January 12th. Finally, Citigroup Inc cut United States Steel from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Thursday, January 19th.
A number of institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of United States Steel during the third quarter valued at approximately $103,000. TLP Group LLC acquired a new position in shares of United States Steel during the third quarter valued at approximately $186,000. Cheyne Capital Management UK LLP acquired a new position in shares of United States Steel during the third quarter valued at approximately $189,000. Tyers Asset Management LLC acquired a new position in shares of United States Steel during the fourth quarter valued at approximately $196,000. Finally, LS Investment Advisors LLC increased its position in shares of United States Steel by 24.2% in the third quarter. LS Investment Advisors LLC now owns 10,911 shares of the basic materials company’s stock valued at $206,000 after buying an additional 2,124 shares during the period. 77.18% of the stock is currently owned by institutional investors.
United States Steel (NYSE:X) traded down 0.29% during mid-day trading on Friday, hitting $30.42. 19,580,315 shares of the stock were exchanged. United States Steel has a 52 week low of $12.77 and a 52 week high of $41.83. The stock’s 50-day moving average is $34.01 and its 200 day moving average is $31.16. The company’s market capitalization is $5.30 billion. United States Steel also was the target of unusually large options trading on Thursday. Traders acquired 11,788 call options on the stock. This represents an increase of 104% compared to the average daily volume of 5,788 call options.
United States Steel (NYSE:X) last posted its quarterly earnings results on Tuesday, January 31st. The basic materials company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.26. United States Steel had a negative return on equity of 11.36% and a negative net margin of 4.29%. The business earned $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that United States Steel will post $2.93 EPS for the current year.
About United States Steel
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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