BMO Capital Markets Reaffirms Market Perform Rating for United States Steel (NYSE:X)

BMO Capital Markets reiterated their market perform rating on shares of United States Steel (NYSE:X - Free Report) in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a $45.00 price target on the basic materials company's stock.

A number of other brokerages have also recently issued reports on X. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Jefferies Financial Group lowered their target price 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. Bank of America assumed 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. Finally, Morgan Stanley boosted their target price on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.32.

United States Steel Trading Down 0.2 %

Shares of X traded down $0.09 during trading hours on Monday, reaching $42.17. 9,830,200 shares of the company traded hands, compared to its average volume of 5,121,000. United States Steel has a 12 month low of $26.92 and a 12 month high of $44.87. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The company's fifty day moving average price is $38.75 and its two-hundred day moving average price is $37.31. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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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 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%. Equities research analysts predict that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were given a dividend of $0.05 per share. 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 presently 13.42%.

Institutional Trading of United States Steel

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 186,994 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United States Steel by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after purchasing an additional 929,762 shares during the period. Donald Smith & CO. Inc. increased its position in shares of United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after purchasing an additional 68,230 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of United States Steel by 3.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after purchasing an additional 174,394 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of United States Steel by 0.6% in 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. 81.92% of the stock is currently owned by institutional investors.

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.