United States Steel (NYSE:X) Stock Price Up 3.8% - What's Next?

United States Steel Co. (NYSE:X - Get Free Report)'s stock price traded up 3.8% during trading on Tuesday . The company traded as high as $42.60 and last traded at $42.73. 3,162,966 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 4,950,606 shares. The stock had previously closed at $41.15.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group decreased 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 report on Monday, January 6th. Morgan Stanley raised their price target on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. Bank of America began 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. 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. Finally, BMO Capital Markets boosted their target price on United States Steel from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.32.

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United States Steel Trading Up 0.0 %

The business's 50-day moving average price is $38.52 and its 200-day moving average price is $37.19. The firm has a market capitalization of $9.73 billion, a PE ratio of 28.86, 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.

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%. As a group, analysts expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) is currently 13.42%.

Hedge Funds Weigh In On United States Steel

Several institutional investors have recently bought and sold shares of X. Bessemer Group Inc. increased 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 worth $25,000 after purchasing an additional 277 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the fourth quarter valued at $30,000. Parkworth Wealth Management Inc. purchased a new stake in shares of United States Steel during the 4th quarter worth $31,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of United States Steel during the 4th quarter worth $32,000. 81.92% of the stock is owned by institutional investors and hedge funds.

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.