United States Steel (NYSE:X) Price Target Lowered to $40.00 at Jefferies Financial Group

United States Steel (NYSE:X - Get Free Report) had its target price lowered by equities researchers at Jefferies Financial Group from $45.00 to $40.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Jefferies Financial Group's target price would indicate a potential upside of 21.07% from the company's current price.

X has been the subject of several other research reports. BMO Capital Markets cut their price objective on United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Glj Research upgraded United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price target for the company in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised United States Steel from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.32.

United States Steel Stock Up 8.4 %

Shares of NYSE X traded up $2.57 during midday trading on Monday, reaching $33.04. The company's stock had a trading volume of 14,467,862 shares, compared to its average volume of 17,312,078. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $48.85. The stock has a 50 day simple moving average of $36.62 and a 200-day simple moving average of $37.34. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 21.74 and a beta of 1.88. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. Equities research analysts predict that United States Steel will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On United States Steel

Several large investors have recently added to or reduced their stakes in the business. Palouse Capital Management Inc. bought a new position in United States Steel during the third quarter worth about $35,000. Gladius Capital Management LP bought a new position in shares of United States Steel during the 3rd quarter valued at $39,000. GAMMA Investing LLC boosted its holdings in United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after acquiring an additional 442 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in United States Steel in the 2nd quarter worth $46,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of United States Steel in the 3rd quarter worth approximately $59,000. Institutional investors own 81.92% of the company's stock.

About United States Steel

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.