United States Steel (NYSE:X) Given New $55.00 Price Target at JPMorgan Chase & Co.

United States Steel (NYSE:X - Get Free Report) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $39.00 to $55.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 2.31% from the company's previous close.

X has been the topic of a number of other research reports. Glj Research downgraded shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday. Jefferies Financial Group reaffirmed a "hold" rating and set a $55.00 price target (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Wolfe Research reaffirmed a "peer perform" rating on shares of United States Steel in a report on Tuesday, May 27th. Finally, Morgan Stanley lifted their price objective on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.80.

United States Steel Stock Up 0.4%

NYSE:X traded up $0.23 on Monday, reaching $53.76. 7,612,050 shares of the stock traded hands, compared to its average volume of 6,187,487. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.53 and a beta of 1.82. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel has a 12 month low of $26.92 and a 12 month high of $54.03. The company's fifty day simple moving average is $43.64 and its 200 day simple moving average is $39.25.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. Equities analysts predict that United States Steel will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Steel

A number of hedge funds and other institutional investors have recently bought and sold shares of X. Bessemer Group Inc. raised its holdings in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in United States Steel by 643.8% during the first quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 515 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in United States Steel during the fourth quarter valued at $27,000. HM Payson & Co. lifted its holdings in United States Steel by 57.2% during the first quarter. HM Payson & Co. now owns 706 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 257 shares in the last quarter. Finally, Parkworth Wealth Management Inc. purchased a new position in shares of United States Steel in the fourth quarter worth about $31,000. Hedge funds and other 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.