BMO Capital Markets Increases United States Steel (NYSE:X) Price Target to $45.00

United States Steel (NYSE:X) had its price target boosted by BMO Capital Markets from $40.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.01% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Jefferies Financial Group dropped their price objective on shares of 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 began coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.32.

United States Steel Price Performance

NYSE:X opened at $40.90 on Friday. The stock has a market cap of $9.21 billion, a P/E ratio of 27.45, a PEG ratio of 1.53 and a beta of 1.86. United States Steel has a one year low of $26.92 and a one year high of $43.35. The company has a fifty day moving average price of $37.88 and a 200 day moving average price of $36.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X) last released its 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%. Analysts anticipate that United States Steel will post 1.43 earnings per share for the current year.

Institutional Investors Weigh In On United States Steel

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in United States Steel by 0.9% during the 4th 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 last quarter. Dimensional Fund Advisors LP grew its holdings in 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 worth $315,790,000 after acquiring an additional 929,762 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of United States Steel by 1.4% in 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 boosted 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 valued at $162,242,000 after purchasing an additional 174,394 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of United States Steel by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company’s stock valued at $131,313,000 after purchasing an additional 22,380 shares during the last quarter. 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.