United States Steel (NYSE:X) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of United States Steel (NYSE:X - Get Free Report) in a research report issued on Thursday. The firm set a "hold" rating on the basic materials company's stock.

X has been the subject of several other reports. JPMorgan Chase & Co. started coverage on United States Steel in a research note on Friday, January 12th. They issued a "neutral" rating and a $52.00 price objective for the company. Morgan Stanley downgraded United States Steel from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $40.00 to $51.00 in a research note on Thursday, February 15th. Finally, BMO Capital Markets reduced 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. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat.com, United States Steel currently has a consensus rating of "Hold" and an average target price of $34.89.

United States Steel Stock Performance

United States Steel stock traded down $0.27 during mid-day trading on Thursday, hitting $40.75. The company had a trading volume of 2,508,469 shares, compared to its average volume of 5,063,311. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. United States Steel has a 12-month low of $20.40 and a 12-month high of $50.20. The company's fifty day moving average is $45.26 and its 200-day moving average is $40.12. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 11.61 and a beta of 2.02.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.21 by $0.46. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Equities research analysts predict that United States Steel will post 3.23 EPS for the current year.

Hedge Funds Weigh In On United States Steel

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC boosted its stake in shares of United States Steel by 16,065.0% in the 4th quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company's stock valued at $1,572,000 after buying an additional 32,130 shares during the period. SG Americas Securities LLC boosted its stake in shares of United States Steel by 1,132.8% in the 4th quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company's stock valued at $5,630,000 after buying an additional 106,329 shares during the period. Franklin Resources Inc. boosted its stake in shares of United States Steel by 381.5% in the 2nd quarter. Franklin Resources Inc. now owns 218,955 shares of the basic materials company's stock valued at $5,476,000 after buying an additional 173,480 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of United States Steel during the 3rd quarter worth about $7,435,000. Finally, Wellington Management Group LLP raised its position in shares of United States Steel by 36.9% during the 3rd quarter. Wellington Management Group LLP now owns 282,032 shares of the basic materials company's stock worth $9,160,000 after acquiring an additional 76,047 shares in the last quarter. 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.