United States Steel Co. (NYSE:X) Receives $38.00 Consensus Price Target from Analysts

United States Steel Co. (NYSE:X - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.00.

Several equities research analysts recently commented on the stock. Morgan Stanley raised shares of United States Steel from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $51.00 to $48.00 in a report on Monday, May 6th. Wolfe Research upgraded shares of United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 price target for the company in a research report on Tuesday, April 9th. StockNews.com started coverage on shares of United States Steel in a research note on Wednesday. They issued a "hold" rating on the stock. BMO Capital Markets cut their price objective on United States Steel from $55.00 to $45.00 and set a "market perform" rating for the company in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on United States Steel from $47.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd.

United States Steel Stock Performance

Shares of X traded up $0.23 during trading hours on Wednesday, hitting $38.23. The stock had a trading volume of 1,632,641 shares, compared to its average volume of 4,336,584. The firm has a 50-day moving average price of $40.16 and a 200 day moving average price of $41.86. United States Steel has a fifty-two week low of $20.40 and a fifty-two week high of $50.20. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 11.21 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, May 10th. United States Steel's dividend payout ratio (DPR) is 5.87%.

Hedge Funds Weigh In On United States Steel

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of United States Steel by 308.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company's stock valued at $16,127,000 after acquiring an additional 250,311 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of United States Steel by 16,065.0% in the fourth quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company's stock valued at $1,572,000 after acquiring an additional 32,130 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of United States Steel by 4,057.9% in the fourth quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company's stock valued at $36,368,000 after acquiring an additional 729,574 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of United States Steel by 1,132.8% in the fourth quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company's stock valued at $5,630,000 after acquiring an additional 106,329 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of United States Steel in the fourth quarter valued at $3,045,000. 81.92% of the stock is owned by institutional investors and hedge funds.

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.