United States Steel (NYSE:X) Given New $43.00 Price Target at Morgan Stanley

United States Steel (NYSE:X - Get Free Report) had its price objective lifted by investment analysts at Morgan Stanley from $39.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the basic materials company's stock. Morgan Stanley's target price would indicate a potential upside of 15.96% from the stock's current price.

Several other equities research analysts have also recently commented on X. Jefferies Financial Group cut 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. BMO Capital Markets cut their price target on United States Steel from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective on United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, January 17th. 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.70.

United States Steel Trading Up 5.5 %

Shares of United States Steel stock traded up $1.94 during trading hours on Friday, hitting $37.08. The company's stock had a trading volume of 8,761,207 shares, compared to its average volume of 7,075,806. The company has a market capitalization of $8.35 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. 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 stock has a 50 day moving average of $36.74 and a 200 day moving average of $36.63. United States Steel has a 12 month low of $26.92 and a 12 month high of $47.32.

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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 (EPS) 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%. Analysts predict that United States Steel will post 1.43 earnings per share for the current year.

Institutional Trading of United States Steel

A number of large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after buying an additional 277 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in United States Steel during the 4th quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel during the 4th quarter valued at $30,000. Parkworth Wealth Management Inc. bought a new position in United States Steel during the fourth quarter worth $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 and hedge funds 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.