United States Steel Co. (NYSE:X - Get Free Report)'s stock price traded up 4.1% during mid-day trading on Tuesday . The company traded as high as $41.62 and last traded at $41.75. 3,828,348 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 4,906,090 shares. The stock had previously closed at $40.11.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of United States Steel from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday. 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 report on Monday, January 6th. Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. 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 price objective for the company. Finally, 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, March 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.32.
Get Our Latest Analysis on X
United States Steel Price Performance
The stock's 50-day moving average price is $37.88 and its 200 day moving average price is $36.77. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.
United States Steel (NYSE:X - Get Free Report) last announced 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%. Equities research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Announces Dividend
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 0.49%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is presently 13.42%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after purchasing an additional 186,994 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United States Steel by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after buying an additional 929,762 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in United States Steel by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock worth $162,747,000 after buying an additional 68,230 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after buying an additional 174,394 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in United States Steel by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock worth $131,313,000 after buying an additional 22,380 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.
United States Steel Company Profile
(
Get Free Report)
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.
Read More
Before you consider United States Steel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United States Steel wasn't on the list.
While United States Steel currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
