United States Steel (NYSE:X) had its price target increased by equities researchers at Credit Suisse Group from $48.00 to $55.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the basic materials company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 25.89% from the company’s previous close.
A number of other brokerages have also weighed in on X. Morgan Stanley lowered their target price on United States Steel from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Citigroup upgraded United States Steel from a “sell” rating to a “neutral” rating in a report on Monday, January 22nd. Cowen reiterated a “hold” rating and set a $40.00 price target on shares of United States Steel in a report on Thursday, January 4th. Finally, Vertical Group began coverage on United States Steel in a report on Tuesday, January 30th. They set a “sell” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.94.
United States Steel (X) opened at $43.69 on Thursday. United States Steel has a 12 month low of $18.55 and a 12 month high of $47.64. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7,680.00, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.42 and a beta of 2.79.
In other United States Steel news, CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total value of $277,093.20. Following the completion of the transaction, the chief executive officer now owns 179,567 shares in the company, valued at approximately $7,173,701.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara A. Greenstein sold 2,613 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $45.33, for a total value of $118,447.29. Following the completion of the transaction, the vice president now owns 51,250 shares of the company’s stock, valued at approximately $2,323,162.50. The disclosure for this sale can be found here. Insiders sold a total of 139,714 shares of company stock valued at $5,559,641 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.
A number of large investors have recently made changes to their positions in X. Raymond James Financial Services Advisors Inc. grew its stake in United States Steel by 12,104.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 145,251 shares of the basic materials company’s stock valued at $3,727,000 after purchasing an additional 146,461 shares during the period. Crossmark Global Holdings Inc. bought a new position in United States Steel in the 3rd quarter valued at $426,000. Canada Pension Plan Investment Board grew its stake in United States Steel by 63.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 39,300 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 15,200 shares during the period. Stevens Capital Management LP bought a new position in shares of United States Steel during the 3rd quarter worth $275,000. Finally, Prudential Financial Inc. grew its stake in shares of United States Steel by 524.7% during the 3rd quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock worth $17,161,000 after acquiring an additional 561,758 shares during the period. Hedge funds and other institutional investors own 67.22% of the company’s stock.
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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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