United States Steel (NYSE:X) had its price objective boosted by Deutsche Bank from $44.00 to $50.00 in a report issued on Thursday morning. Deutsche Bank currently has a buy rating on the basic materials company’s stock.
Other research analysts have also issued reports about the company. JPMorgan Chase lifted their target price on United States Steel from $48.00 to $69.00 in a report on Friday, March 9th. ValuEngine upgraded United States Steel from a hold rating to a buy rating in a report on Thursday, December 7th. Longbow Research upgraded United States Steel from a neutral rating to a buy rating in a report on Wednesday, December 20th. Bank of America set a $46.00 target price on United States Steel and gave the company a buy rating in a report on Monday, January 8th. Finally, Argus reiterated a buy rating and issued a $52.00 target price (up from $41.00) on shares of United States Steel in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $38.68.
NYSE:X opened at $35.19 on Thursday. United States Steel has a 52 week low of $18.55 and a 52 week high of $47.64. The firm has a market cap of $6,189.32, a PE ratio of 18.14, a PEG ratio of 0.99 and a beta of 2.79. 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, February 8th. United States Steel’s dividend payout ratio is presently 10.31%.
In other news, VP Colleen M. Darragh sold 1,060 shares of United States Steel stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total transaction of $40,121.00. Following the sale, the vice president now owns 18,076 shares in the company, valued at $684,176.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara A. Greenstein sold 2,757 shares of United States Steel stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $45.05, for a total value of $124,202.85. Following the sale, the vice president now owns 35,282 shares in the company, valued at approximately $1,589,454.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,595 shares of company stock worth $5,427,450. 1.01% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Banco de Sabadell S.A acquired a new position in United States Steel in the 4th quarter valued at about $100,000. We Are One Seven LLC acquired a new position in United States Steel in the 4th quarter valued at about $132,000. CoreCommodity Management LLC acquired a new position in United States Steel in the 4th quarter valued at about $152,000. US Bancorp DE increased its position in United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,045 shares during the period. Finally, Calamos Advisors LLC acquired a new position in United States Steel in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 68.27% of the company’s stock.
United States Steel 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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