United States Steel Co. (NYSE:X) Receives $39.22 Average PT from Brokerages

Shares of United States Steel Co. (NYSE:X - Get Free Report) have received an average recommendation of "Hold" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.37.

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their target price on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a $55.00 target price (up previously from $50.00) on shares of United States Steel in a report on Tuesday. Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th.

United States Steel Stock Up 0.2%

Shares of X stock traded up $0.13 during mid-day trading on Friday, hitting $53.17. 6,534,528 shares of the stock traded hands, compared to its average volume of 6,006,599. United States Steel has a 52-week low of $26.92 and a 52-week high of $54.00. The stock has a market cap of $12.04 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock's fifty day moving average is $42.72 and its two-hundred day moving average is $38.81.

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

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. United States Steel's dividend payout ratio is presently 68.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC increased its stake in United States Steel by 643.8% during the 1st quarter. Golden State Wealth Management LLC now owns 595 shares of the basic materials company's stock worth $25,000 after buying an additional 515 shares in the last quarter. HM Payson & Co. boosted its stake in shares of United States Steel by 57.2% in the first quarter. HM Payson & Co. now owns 706 shares of the basic materials company's stock worth $30,000 after acquiring an additional 257 shares during the last quarter. Bessemer Group Inc. increased its position in shares of United States Steel by 64.0% during the fourth 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. LFA Lugano Financial Advisors SA acquired a new position in United States Steel in the 1st quarter valued at $31,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in United States Steel in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

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.