Analysts Set United States Steel Co. (NYSE:X) Price Target at $37.89

United States Steel Co. (NYSE:X) has received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.89.

A number of analysts recently weighed in on X shares. BMO Capital Markets lowered their price objective on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. StockNews.com assumed coverage on shares of United States Steel in a report on Sunday. They issued a “hold” rating on the stock. Wolfe Research raised shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a research note on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, Morgan Stanley lowered United States Steel from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $40.00 to $51.00 in a report on Thursday, February 15th.

United States Steel Price Performance

Shares of NYSE:X opened at $36.60 on Friday. United States Steel has a 1-year low of $20.40 and a 1-year high of $50.20. The firm’s 50 day simple moving average is $42.78 and its two-hundred day simple moving average is $41.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. The company has a market capitalization of $8.23 billion, a P/E ratio of 10.43 and a beta of 2.00.

United States Steel (NYSE:X) last announced its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. United States Steel’s quarterly revenue was down 4.5% on a year-over-year basis. Research analysts expect that United States Steel will post 2.99 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s dividend payout ratio is presently 5.70%.

Hedge Funds Weigh In On United States Steel

Several hedge funds and other institutional investors have recently modified their holdings of X. Byrne Asset Management LLC increased its holdings in United States Steel by 1,140.0% during the 1st quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 570 shares during the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of United States Steel in the fourth quarter valued at $25,000. Riverview Trust Co acquired a new stake in shares of United States Steel in the first quarter valued at $29,000. Wolff Wiese Magana LLC raised its position in shares of United States Steel by 181.4% during the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 635 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of United States Steel during the fourth quarter worth $33,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.