Brokerages Set United States Steel Co. (NYSE:X) PT at $39.82

Shares of United States Steel Co. (NYSE:X) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.82.

Several equities analysts recently weighed in on X shares. BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Morgan Stanley reissued an “equal weight” rating and issued a $39.00 price target on shares of United States Steel in a research note on Monday, February 3rd. Jefferies Financial Group decreased their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America initiated coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th.

Institutional Trading of United States Steel

Several hedge funds have recently bought and sold shares of X. Bessemer Group Inc. increased its holdings in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel during the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the 4th quarter valued at approximately $30,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the 4th quarter valued at approximately $31,000. Finally, Lee Danner & Bass Inc. bought a new stake in United States Steel in the 4th quarter valued at approximately $32,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Price Performance

United States Steel stock opened at $38.42 on Friday. The business’s fifty day moving average is $35.00 and its two-hundred day moving average is $36.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $8.65 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.30 and a beta of 1.86. United States Steel has a 52 week low of $26.92 and a 52 week high of $48.13.

United States Steel (NYSE:X) 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%. Equities research analysts forecast that United States Steel will post 1.75 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

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.