United States Steel (NYSE:X - Free Report) had its target price lifted by BMO Capital Markets from $40.00 to $45.00 in a research note published on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company's stock.
A number of other analysts also recently weighed in on X. Morgan Stanley increased their price target on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective for the company. Finally, Jefferies Financial Group reduced their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.32.
Read Our Latest Stock Report on X
United States Steel Trading Up 1.6 %
Shares of X traded up $0.66 during trading hours on Friday, hitting $41.56. 1,118,902 shares of the stock traded hands, compared to its average volume of 4,936,693. The business has a fifty day moving average of $37.88 and a 200-day moving average of $36.83. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $9.36 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. United States Steel has a 1-year low of $26.92 and a 1-year high of $43.35.
United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Analysts expect that United States Steel will post 1.43 EPS for the current year.
United States Steel Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is currently 13.42%.
Institutional Trading of United States Steel
Several institutional investors and hedge funds have recently bought and sold shares of X. Bessemer Group Inc. increased its holdings in United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in United States Steel by 0.7% during the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company's stock valued at $1,570,000 after purchasing an additional 301 shares during the last quarter. Captrust Financial Advisors boosted its position in United States Steel by 4.8% during the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock worth $248,000 after purchasing an additional 321 shares during the period. CIBC Asset Management Inc increased its holdings in shares of United States Steel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 366 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of United States Steel by 5.0% in the third quarter. Moors & Cabot Inc. now owns 8,005 shares of the basic materials company's stock valued at $283,000 after purchasing an additional 380 shares during the period. Institutional investors own 81.92% of the company's stock.
About United States Steel
(
Get Free Report)
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.
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