United States Steel Co. (NYSE:X) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of United States Steel Co. (NYSE:X - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $41.32.

A number of equities analysts have weighed in on X shares. BMO Capital Markets restated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. JPMorgan Chase & Co. lifted their price objective on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. Finally, Morgan Stanley upped 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.

United States Steel Stock Performance

Shares of United States Steel stock traded up $6.31 during trading hours on Friday, reaching $44.60. The company had a trading volume of 23,908,894 shares, compared to its average volume of 7,274,571. United States Steel has a one year low of $26.92 and a one year high of $44.87. The business has a fifty day simple moving average of $38.93 and a 200 day simple moving average of $37.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The firm has a market cap of $10.10 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.

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United States Steel (NYSE:X - Get Free Report) last posted its 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%. On average, analysts anticipate that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio is currently 13.42%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 277 shares during the period. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel during the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in shares of United States Steel by 45.3% in the 1st quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock worth $38,000 after purchasing an additional 284 shares in the last quarter. Finally, Parkworth Wealth Management Inc. bought a new stake in shares of United States Steel in the 4th quarter worth approximately $31,000. 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.