United States Steel Corporation (X) Stock Rating Reaffirmed by BMO Capital Markets

United States Steel Corporation (NYSE:X)‘s stock had its “market perform” rating reissued by research analysts at BMO Capital Markets in a research report issued on Friday.

A number of other equities research analysts also recently weighed in on X. Vetr downgraded United States Steel Corporation from a “sell” rating to a “strong sell” rating and set a $32.95 target price for the company. in a research report on Thursday, February 16th. Rosenblatt Securities restated a “neutral” rating and set a $35.00 target price on shares of United States Steel Corporation in a research report on Monday, February 27th. Cowen and Company upgraded United States Steel Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, February 27th. Axiom Securities restated a “sell” rating on shares of United States Steel Corporation in a research report on Friday, March 3rd. Finally, Deutsche Bank AG boosted their target price on United States Steel Corporation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.49.

Analyst Recommendations for United States Steel Corporation (NYSE:X)

Shares of United States Steel Corporation (NYSE:X) traded down 1.03% on Friday, hitting $20.16. The stock had a trading volume of 15,666,210 shares. The company’s market cap is $3.52 billion. The firm has a 50 day moving average price of $20.83 and a 200-day moving average price of $31.15. United States Steel Corporation has a 52 week low of $14.80 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $1.18. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.91 billion. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. United States Steel Corporation’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.15) EPS. Analysts anticipate that United States Steel Corporation will post $1.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were paid a $0.05 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.20 annualized dividend and a yield of 0.99%. United States Steel Corporation’s dividend payout ratio is -12.20%.

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In other United States Steel Corporation news, Director David Sutherland acquired 10,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the purchase, the director now directly owns 98,919 shares of the company’s stock, valued at $1,974,423.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen J. Girsky acquired 2,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $19.94 per share, for a total transaction of $49,850.00. Following the purchase, the director now directly owns 21,872 shares of the company’s stock, valued at $436,127.68. The disclosure for this purchase can be found here. Insiders acquired 14,000 shares of company stock worth $278,415 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares during the period. Vanguard Group Inc. raised its position in shares of United States Steel Corporation by 10.1% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after buying an additional 1,539,412 shares during the period. Luminus Management LLC purchased a new position in shares of United States Steel Corporation during the fourth quarter worth $48,851,000. Norges Bank purchased a new position in shares of United States Steel Corporation during the fourth quarter worth $40,853,000. Finally, Teachers Advisors LLC raised its position in shares of United States Steel Corporation by 80.3% in the fourth quarter. Teachers Advisors LLC now owns 1,674,060 shares of the basic materials company’s stock worth $55,261,000 after buying an additional 745,669 shares during the period. Hedge funds and other institutional investors own 70.77% of the company’s stock.

United States Steel Corporation Company Profile

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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