United States Steel Co. (NYSE:X) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.88.
X has been the subject of several analyst reports. Argus reduced their price target on shares of United States Steel from $30.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 1st. They noted that the move was a valuation call. Zacks Investment Research raised shares of United States Steel from a “strong sell” rating to a “hold” rating in a report on Thursday, April 4th. Bank of America downgraded shares of United States Steel from a “buy” rating to an “underperform” rating and reduced their price target for the company from $31.00 to $18.00 in a report on Thursday, April 11th. BMO Capital Markets reissued a “market perform” rating on shares of United States Steel in a report on Monday, May 6th. They noted that the move was a valuation call. Finally, Berenberg Bank raised shares of United States Steel from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, February 21st.
Several hedge funds and other institutional investors have recently modified their holdings of X. We Are One Seven LLC bought a new stake in United States Steel in the fourth quarter worth about $25,000. Quantamental Technologies LLC bought a new stake in United States Steel in the fourth quarter worth about $33,000. Quadrant Capital Group LLC raised its position in United States Steel by 1,151.3% in the first quarter. Quadrant Capital Group LLC now owns 2,440 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 2,245 shares in the last quarter. Rational Advisors LLC raised its position in United States Steel by 999.7% in the fourth quarter. Rational Advisors LLC now owns 3,453 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 3,139 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in United States Steel in the first quarter worth about $67,000. Institutional investors and hedge funds own 66.96% of the company’s stock.
United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. United States Steel had a net margin of 7.92% and a return on equity of 24.72%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that United States Steel will post 1.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 10th. 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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