Analysts Set United States Steel Co. (NYSE:X) Target Price at $42.80

United States Steel Co. (NYSE:X) has been given an average recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.80.

X has been the topic of several recent research reports. Jefferies Financial Group decreased their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Finally, BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Friday, September 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its position in United States Steel by 0.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock valued at $1,016,000 after buying an additional 241 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of United States Steel by 9.2% in the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 279 shares during the last quarter. Founders Capital Management boosted its position in shares of United States Steel by 9.4% during the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 300 shares during the period. D.A. Davidson & CO. increased its holdings in United States Steel by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock valued at $1,570,000 after purchasing an additional 301 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 306 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Trading Down 8.0 %

Shares of X opened at $37.67 on Friday. The firm has a market cap of $8.48 billion, a P/E ratio of 24.78 and a beta of 1.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a 1 year low of $26.92 and a 1 year high of $50.20. The company has a 50 day simple moving average of $38.16 and a two-hundred day simple moving average of $37.95.

United States Steel (NYSE:X) last issued its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business’s revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, equities analysts expect that United States Steel will post 2.21 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

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.