United States Steel Co. (NYSE:X - Get Free Report) traded up 6.9% during mid-day trading on Monday . The stock traded as high as $42.63 and last traded at $40.94. 2,313,589 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 5,190,324 shares. The stock had previously closed at $38.29.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Jefferies Financial Group decreased their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. Morgan Stanley lifted their price objective on shares of 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.65.
Check Out Our Latest Stock Report on X
United States Steel Stock Performance
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 firm's fifty day moving average price is $39.85 and its two-hundred day moving average price is $37.64. The stock has a market capitalization of $9.08 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that United States Steel Co. will post 1.43 EPS 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 issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. United States Steel's payout ratio is 13.42%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in X. Bessemer Group Inc. boosted its holdings in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of United States Steel by 45.3% in the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock worth $248,000 after acquiring an additional 321 shares during the last quarter. CIBC Asset Management Inc raised its stake in United States Steel by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 366 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in United States Steel by 0.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors 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.
Further Reading
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
