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

Shares of United States Steel Co. (NYSE:X - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.70.

Several analysts have recently commented on X shares. Morgan Stanley raised their target price on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group reduced their price objective on shares of 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. BMO Capital Markets lowered their target price on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Finally, Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target for the company.

United States Steel Trading Up 0.2 %

Shares of NYSE X traded up $0.09 during mid-day trading on Tuesday, hitting $37.15. 2,362,063 shares of the company traded hands, compared to its average volume of 6,973,325. The business has a 50 day moving average of $36.74 and a two-hundred day moving average of $36.63. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 24.95, a PEG 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 $46.77. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, sell-side analysts anticipate that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. United States Steel's payout ratio is presently 13.42%.

Institutional Trading of United States Steel

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in shares of United States Steel by 64.0% during 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 during the period. Ameliora Wealth Management Ltd. bought a new position in United States Steel during the fourth quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in United States Steel in the 4th quarter valued at approximately $30,000. Parkworth Wealth Management Inc. bought a new stake in shares of United States Steel in the 4th quarter worth approximately $31,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at $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.