United States Steel (NYSE:X) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of United States Steel (NYSE:X - Free Report) in a report issued on Wednesday, Marketbeat.com reports. They currently have a $38.00 price objective on the basic materials company's stock, down from their previous price objective of $43.00.

Several other equities research analysts have also commented on X. Morgan Stanley boosted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Jefferies Financial Group lowered their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Bank of America initiated coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.94.

United States Steel Trading Down 4.9 %

Shares of NYSE X traded down $2.03 during midday trading on Wednesday, hitting $39.53. 2,591,229 shares of the company traded hands, compared to its average volume of 5,439,841. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel has a 12-month low of $26.92 and a 12-month high of $46.18. The stock has a 50-day moving average price of $40.15 and a 200 day moving average price of $37.87. The firm has a market cap of $8.95 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X - Get Free Report) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, analysts expect that United States Steel will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. United States Steel's payout ratio is 13.42%.

Institutional Trading of United States Steel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in United States Steel during the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in United States Steel during the 4th quarter valued at approximately $30,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel in the 4th quarter worth approximately $31,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of United States Steel during the 4th quarter valued at approximately $32,000. Institutional investors own 81.92% of the company's stock.

United States Steel Company Profile

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.