United States Steel (NYSE:X) Price Target Lowered to $41.00 at Jefferies Financial Group

United States Steel (NYSE:X) had its target price cut by Jefferies Financial Group from $47.00 to $41.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 31.12% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley raised their price target on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com assumed coverage on United States Steel in a research note on Monday, August 19th. They issued a “hold” rating for the company. JPMorgan Chase & Co. reduced their target price on United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Finally, BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.67.

United States Steel Stock Up 4.3 %

Shares of NYSE X opened at $31.27 on Thursday. The business’s fifty day moving average price is $38.75 and its 200-day moving average price is $39.50. United States Steel has a one year low of $26.92 and a one year high of $50.20. The stock has a market capitalization of $7.03 billion, a PE ratio of 9.17 and a beta of 1.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14.

United States Steel (NYSE:X) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $1.92 earnings per share. The company’s quarterly revenue was down 17.8% on a year-over-year basis. On average, equities research analysts anticipate that United States Steel will post 2.19 EPS for the current year.

Institutional Investors Weigh In On United States Steel

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its position in United States Steel by 0.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after purchasing an additional 241 shares during the period. Parallel Advisors LLC lifted its stake in shares of United States Steel by 28.7% in the 4th quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 304 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in United States Steel by 18.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 313 shares during the period. Diversified Trust Co grew its position in United States Steel by 4.0% during the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock worth $341,000 after acquiring an additional 324 shares during the last quarter. Finally, Signaturefd LLC increased its stake in United States Steel by 8.3% in the 2nd quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 360 shares during the period. Institutional investors own 81.92% of the company’s stock.

About United States Steel

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.