United States Steel Co. (NYSE:X - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $45.50 and last traded at $43.92, with a volume of 9935106 shares. The stock had previously closed at $44.50.
Analysts Set New Price Targets
X has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on 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 report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group lowered their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Morgan Stanley upped their target price on 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, United States Steel currently has an average rating of "Moderate Buy" and an average price target of $40.65.
Check Out Our Latest Report on X
United States Steel Stock Up 0.8 %
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 stock's 50-day moving average price is $39.85 and its 200-day moving average price is $37.65. The company has a market cap of $9.14 billion, a P/E ratio of 27.10, a PEG ratio of 1.53 and a beta of 1.79.
United States Steel (NYSE:X - Get Free Report) last announced its quarterly 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, research analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.
United States Steel Dividend Announcement
The firm also recently declared 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 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's payout ratio is currently 13.42%.
Institutional Investors Weigh In On United States Steel
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake 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 in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel in the fourth quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel during the fourth quarter valued at about $30,000. Parkworth Wealth Management Inc. purchased a new position in United States Steel during the fourth quarter worth about $31,000. Finally, Lee Danner & Bass Inc. purchased a new stake in United States Steel in the 4th quarter valued at about $32,000. 81.92% of the stock is owned by institutional investors.
United States Steel Company Profile
(
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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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