United States Steel Corporation (NYSE:X) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of United States Steel Corporation (NYSE:X - Get Free Report) have been given an average recommendation of "Hold" by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.80.

A number of research analysts have recently weighed in on the company. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised their price target on United States Steel from $39.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, June 2nd. Jefferies Financial Group restated 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 reissued a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Finally, Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th.

Hedge Funds Weigh In On United States Steel

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of United States Steel by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock valued at $698,791,000 after buying an additional 186,994 shares during the period. Dimensional Fund Advisors LP boosted its holdings in United States Steel by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,970,755 shares of the basic materials company's stock valued at $421,368,000 after acquiring an additional 678,849 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in United States Steel by 14.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,440,069 shares of the basic materials company's stock valued at $229,897,000 after acquiring an additional 666,844 shares during the period. Donald Smith & CO. Inc. boosted its holdings in United States Steel by 1.4% during 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 acquiring an additional 68,230 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in United States Steel by 0.6% during 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 acquiring an additional 22,380 shares during the period. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Price Performance

X traded up $0.13 during trading on Thursday, reaching $54.97. 876 shares of the company traded hands, compared to its average volume of 6,537,664. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.75 and a current ratio of 1.45. United States Steel has a 12-month low of $26.92 and a 12-month high of $54.91. The firm has a fifty day simple moving average of $46.87 and a 200 day simple moving average of $40.67. The company has a market cap of $12.45 billion, a P/E ratio of 189.56, a PEG ratio of 2.21 and a beta of 1.87.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a net margin of 0.64% and a return on equity of 1.69%. The business's revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. On average, equities analysts forecast that United States Steel will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, May 12th. United States Steel's dividend payout ratio (DPR) is 68.97%.

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.