United States Steel Co. (NYSE:X) Receives $15.87 Consensus Target Price from Analysts

United States Steel Co. (NYSE:X) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.87.

A number of brokerages recently weighed in on X. Barclays started coverage on shares of United States Steel in a report on Friday, September 6th. They set an “overweight” rating for the company. Credit Suisse Group reduced their price target on shares of United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, September 19th. Macquarie lowered shares of United States Steel from an “outperform” rating to an “underperform” rating and reduced their price target for the company from $18.00 to $9.00 in a report on Thursday, September 19th. JPMorgan Chase & Co. lowered shares of United States Steel from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $14.00 in a report on Monday, September 23rd. Finally, ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a report on Monday, October 7th.

X traded down $0.08 on Monday, reaching $10.64. 13,363,678 shares of the company traded hands, compared to its average volume of 12,378,295. United States Steel has a one year low of $9.93 and a one year high of $29.84. The firm has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $13.67. The company has a market cap of $1.82 billion, a P/E ratio of 1.99, a price-to-earnings-growth ratio of 166.09 and a beta of 3.04. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. United States Steel had a net margin of 6.95% and a return on equity of 19.27%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business posted $1.46 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts forecast that United States Steel will post -0.01 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of United States Steel by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,304,508 shares of the basic materials company’s stock worth $35,282,000 after buying an additional 80,654 shares during the last quarter. Morgan Stanley grew its position in United States Steel by 27.3% during the 2nd quarter. Morgan Stanley now owns 2,303,479 shares of the basic materials company’s stock worth $35,266,000 after purchasing an additional 494,085 shares during the last quarter. Canada Pension Plan Investment Board grew its position in United States Steel by 402.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,475,957 shares of the basic materials company’s stock worth $22,597,000 after purchasing an additional 1,181,957 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in United States Steel by 84.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,265,209 shares of the basic materials company’s stock worth $19,370,000 after purchasing an additional 579,394 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in United States Steel by 11,651.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,261,286 shares of the basic materials company’s stock worth $19,310,000 after purchasing an additional 1,250,553 shares during the last quarter. 60.80% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Company Profile

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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Analyst Recommendations for United States Steel (NYSE:X)

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