Weekly Investment Analysts’ Ratings Updates for United States Steel (X)

A number of firms have modified their ratings and price targets on shares of United States Steel (NYSE: X) recently:

• 7/2/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/26/2024 – United States Steel was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $45.00 price target on the stock, up previously from $43.00.
• 6/24/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/16/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/8/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/31/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/23/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/20/2024 – United States Steel is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $45.00 price target on the stock.
• 5/15/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/7/2024 – United States Steel is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/6/2024 – United States Steel was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $48.00 price target on the stock, down previously from $51.00.

United States Steel Stock Down 0.9 %

X stock traded down $0.35 during midday trading on Friday, hitting $38.84. The company’s stock had a trading volume of 257,975 shares, compared to its average volume of 3,944,730. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 52-week low of $22.26 and a 52-week high of $50.20. The firm has a market capitalization of $8.73 billion, a P/E ratio of 11.39 and a beta of 1.93. The firm has a 50-day simple moving average of $37.35 and a 200-day simple moving average of $42.29.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. As a group, equities analysts forecast that United States Steel Co. will post 2.63 EPS for the current year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 13th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel’s dividend payout ratio is currently 5.87%.

Institutional Investors Weigh In On United States Steel

Several hedge funds and other institutional investors have recently bought and sold shares of X. Natixis Advisors L.P. increased its stake in United States Steel by 58.3% in the third quarter. Natixis Advisors L.P. now owns 22,931 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 8,441 shares during the period. O Shaughnessy Asset Management LLC increased its stake in United States Steel by 9.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 12,239 shares of the basic materials company’s stock valued at $398,000 after purchasing an additional 1,054 shares during the period. Alpine Global Management LLC acquired a new position in United States Steel in the third quarter valued at $731,000. Adage Capital Partners GP L.L.C. acquired a new position in United States Steel in the third quarter valued at $3,248,000. Finally, VitalStone Financial LLC acquired a new position in United States Steel in the third quarter valued at $443,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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.